Commentary on the statement: Zakah is not obligatory on paper currency
Machine translationRead the Arabic original
Question:
May Allah reward you, Honorable Shaykh. This questioner says: What is your view of those who now say that zakah is not obligatory on paper currency because it is not struck from gold or silver?
Answer:
This is a baseless statement with no value. If riba (usury or interest) is permissible in it, or if it is not, the ruling is the ruling of money; the substitute has the ruling of what it substitutes. So no one holds this view except one who is either ignorant or misguided. Zakah is not a matter of ease that is dropped when there is no zakah at this time, because all money now is paper. So there is no zakah, no riba, and no… We ask Allah for safety. Does anyone who fears Allah dare to hold this view? Yes.
May Allah reward you, Honorable Shaykh. This questioner says: What is your view of those who now say that zakah is not obligatory on paper currency because it is not struck from gold or silver?
Answer:
This is a baseless statement with no value. If riba (usury or interest) is permissible in it, or if it is not, the ruling is the ruling of money; the substitute has the ruling of what it substitutes. So no one holds this view except one who is either ignorant or misguided. Zakah is not a matter of ease that is dropped when there is no zakah at this time, because all money now is paper. So there is no zakah, no riba, and no… We ask Allah for safety. Does anyone who fears Allah dare to hold this view? Yes.
Source
قناة «العلامة الدكتور صالح الفوزان»، 673- التعليق على قول: لا تجب الزكاة في الأوراق النقدية|الشيخ صالح الفوزان — youtube.com
The Arabic text is a machine transcription of the audio recording.