Author Topic: Paper Money??  (Read 3896 times)

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Offline Muinzvision

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Paper Money??
« on: October 10, 2012, 10:28:38 PM »
As-salaam,

1)If working in a non Islamic bank is haraam then why using paper money or currencies is halal as it is the bank who prints the money.  Also in many countries there is no Islamic banks and people use banks to transfer funds and keep money in savings or current a/cs. If helping an organisation who deals is haraam then no Muslims is doing halal everyone is indulge in this Sin.. Please advise.

2) Also confirm that FX is also haraam as we sell 1 USD to buy 50 INR which means we give less and buy more or it is just exchange of value or is it considered as Riba..