Is this transaction, in which a check for a larger amount is exchanged for less cash (e.g., a check for €1100 in exchange for €1000 cash), and which is done to circumvent bank restrictions on cash withdrawals and facilitate business, considered usury (riba)?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
Selling a check for cash less than its value is prohibited because it involves both Riba an-Nasi'ah (interest due to delay) and Riba al-Fadl (interest due to excess). The questioner must avoid this usurious transaction. "And whoever fears Allah – He will make for him a way out."
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/165704
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 165704
- 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