1

Are the Bank Notes such as Rand and Dollars etc a substitute for Gold

Answered according to Hanafi Fiqh by DarulIftaBirmingham
Facebooktwitterpinteresttumblrmail


Answered by:  Maulana Imran Mughal​


Question


 


Are the bank notes such as rand dollars etc a substitute for gold n silver hence a bayus sarf or are they considered urood such as fuloos.


 


بِسْمِ اللهِ الرَّحْمنِ الرَّحِيْم


In the name of Allah, the Most Gracious, the Most Merciful 


 


Answer


 


The present-day paper notes or banknotes will be considered s a substitute for gold and silver and not considered amongst the urood. This is because the noted themselves have been given a value and according to the common day usage of bank noted they themselves are valuable of the amount they indicate.[1]


 


Only Allah knows best.


Written by Maulana Imran Mughal


Check and approved by Mufti Mohammed Tosir Miah


Darul Ifta Birmingham


 


 



[1] Imam Sarakhsi, Al-Mabsoot(Maktabah Rasheediyyah: Quetta), 14:32-33.


Facebooktwitterpinteresttumblrmail
Sidebar



Subscribe to IslamQA Weekly Newsletter

Subscribe to IslamQA Weekly Newsletter

You will receive 5 Q&A in your inbox every week



We have sent a confirmation to you. Please check the and confirm your subscription. Thank you!