Is it permissible to cash a post-dated check for $600 USD, with a maturity date two months from now, in exchange for receiving $550 USD immediately from the money exchanger?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
It is not permissible to cash a post-dated check for less than its full value immediately, as this is a usurious transaction. This is because the exchange office lends you a smaller amount in return for recovering the full value of the check upon its maturity. This falls under usury, which the Quran warned against, and its perpetrator was cursed by the Prophet, peace be upon him.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/80177
Where this answer came from
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- Ftawy
- Original fatwa ID
- 80177
- Added here
- . 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