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The question

Is obtaining 1030 in exchange for 1000 in small change and distributing it to the needy considered usury (riba)?

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Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 20261 min readAlso available in العربية
The answer

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 (ijarah) or agency for a fee.

Summarized from the full answer at Ftawy · imported

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Source platform
Ftawy
Original fatwa ID
123644
Imported
Translation status
Source text, unreviewed
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