Is obtaining 1030 in exchange for 1000 in small change and distributing it to the needy considered usury (riba)?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
What you are doing, exchanging smaller currency denominations for a larger one (one thousand and thirty for one thousand), is a currency exchange that is not permissible. This is because a single currency, in its different denominations, is considered one genus, and it requires equivalence and immediate possession upon exchange, according to the resolution of the Fiqh Academy. However, if the transaction involves the company exchanging small denominations you possess for a fee (thirty for every thousand), then this is permissible because it is a lease () or agency for a fee.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/123644
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- Ftawy
- Original fatwa ID
- 123644
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- . This is when the answer was added to El Fatwa, not the fatwa's date.
- Text
- Summary from Ftawy's records, reviewed by El Fatwa's sharia committee.
- Read the full ruling
- Read the full answer on Ftawy