ANSWER:

This is not permissible as this is clear riba.

QUESTION: Is it permissible to exchange coins to paper money from the same currency and pay the bank 7 Euros as an exchange fee or use a machine that does the same thing but takes 10% from the coins as an exchange fee.

Riba | January 30, 2023 12:58 pm
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QUESTION: In my country, there is a system where the government will pay you to save money. The way it works is like this: you set up a saving account with the government; then you put money in it monthly; after 2 years, the government will pay you 50% of what you paid. So if after 2 years I saved 500, the government will give you 250. Is this halal?
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QUESTION: I went to the bank to change my money in notes to coins to be used for sadaqah, or personal spending. For example, I would like to change $50 notes to $50 in fifty cent coins. However, the bank is charging additional fee for this. Is this consider riba?