The Zakah of Paper Currency
Machine translationRead the Arabic original
Question:
Honorable Shaykh, may Allah grant you success. The questioner says: Some people say that there is no zakah on paper currency, because there is no explicit text regarding it, neither in the Book nor in the Sunnah. Is what such people mention correct?
Answer:
No, this is invalid. The ruling on paper currency is the same as the ruling on gold and silver coins, because the substitute has the ruling of the thing it substitutes. It is a substitute for gold and silver coins. Yes.
Honorable Shaykh, may Allah grant you success. The questioner says: Some people say that there is no zakah on paper currency, because there is no explicit text regarding it, neither in the Book nor in the Sunnah. Is what such people mention correct?
Answer:
No, this is invalid. The ruling on paper currency is the same as the ruling on gold and silver coins, because the substitute has the ruling of the thing it substitutes. It is a substitute for gold and silver coins. Yes.
Source
المنتقى من أخبار سيد المرسلين 18-01-1437هـ — alfawzan.live (54:25)
The Arabic text is a machine transcription of the audio recording.