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Is Accepting Traveller’s Cheques as Cash Jaaiz in Islam?

Answered as per Hanafi Fiqh by Muftionline.co.za

Q: A person comes to my shop with a traveller’s cheque (a traveller’s cheque is considered as cash because it is bought in lieu of cash) worth R5000 and he buys items worth 1000 and I take that check and give him 4000 back. Will this transaction be jaaiz?

Bismillaah

A: It is permissible.

And Allah Ta’ala (الله تعالى) knows best.

Answered by:

Mufti Ebrahim Salejee (Isipingo Beach)

This answer was collected from MuftiOnline.co.za, where the questions have been answered by Mufti Zakaria Makada (Hafizahullah), who is currently a senior lecturer in the science of Hadith and Fiqh at Madrasah Ta’leemuddeen, Isipingo Beach, South Africa.

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