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Currency Service

Answered as per Hanafi Fiqh by Qibla.com

Answered by Shaykh Faraz Rabbani

if a person is operating a currency exchange in the sense it does not deal with foreign currency but people coming in to make money orders, pay gas and electric bills or simply coming in to ask for quaters. Is the fee charged unlawful, for instance a customer comes in with a five dollar bill and asks for quaters, he is charged a service fee and he will be given $4.50 worth of quaters. is this lawful and can a person work here.

In the Name of Allah, Most Gracious, Most Merciful

Walaikum assalam wa rahmatullah,

I pray this finds you in the best of health and spirits.

In such situations, one must give exact change. Otherwise, it would be considered riba and would be a serious sin.

And Allah alone gives success.

Faraz Rabbani

This answer was indexed from Qibla.com, which used to have a repository of Islamic Q&A answered by various scholars. The website is no longer in existence. It has now been transformed into a learning portal with paid Islamic course offering under the brand of Kiflayn.

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