The occurrence of riba (usury or interest) in paper currency
Machine translationRead the Arabic original
Question:
He says: Honorable Shaykh, may Allah grant you success, some people now claim that riba does not apply to money, meaning paper currency. Has any of the recognized scholars said this?
Answer:
I do not know of anyone among the recognized scholars who has said this. Rather, riba applies to money, whether it is gold and silver or paper currency that serves as its substitute. Riba applies to money in every age according to its circumstances. Yes.
He says: Honorable Shaykh, may Allah grant you success, some people now claim that riba does not apply to money, meaning paper currency. Has any of the recognized scholars said this?
Answer:
I do not know of anyone among the recognized scholars who has said this. Rather, riba applies to money, whether it is gold and silver or paper currency that serves as its substitute. Riba applies to money in every age according to its circumstances. Yes.
Source
شرح كتاب المنتقى من أخبار المصطفى صلى الله عليه وسلم، بداية من باب الختان — islamhouse.com (1:02:44)
The Arabic text is a machine transcription of the audio recording.