Are banknotes considered promissory notes (sanadat) from the perspective of fiqh?
Source: FtawySummary from Ftawy's records · added here Oct 24, 2026
Paper currency is subject to the same rulings as gold and silver concerning usury (riba) and the obligation of . This is because it functions as the price of commodities in our current era, and not merely as promissory notes.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/51148
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 51148
- 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