Is it permissible to exchange 9 metal riyals for 10 paper riyals, and is this considered usury (riba)?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
Some scholars permit exchanging paper currencies for metal currencies with a premium, considering each type a different genus. Therefore, there is no usury in this exchange if it is done hand-to-hand, as ruled by the Permanent Committee for Issuing Fatwas and Sheikh Ibn 'Uthaymeen. Others hold that equality between them is obligatory as a precautionary measure and to avoid dispute. There is no blame upon an ordinary person for acting upon the opinion of some scholars in matters of differing opinions.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/169204
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- Ftawy
- Original fatwa ID
- 169204
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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