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Question Summary:
I justed needed to know if old coins / notes are exchanged at the “coin exchange” and if we receive a greater value in return, is this money permissable to use?

Question Detail:

I justed needed to know if old coins / notes are exchanged at the "coin exchange" and if we receive a greater value in return, is this money permissable to use?

Answer :

Normal
0

false
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false

EN-ZA
X-NONE
AR-SA

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In the name of Allāh, Most Gracious, Most Merciful

Assalāmu ῾alaykum wa Rahmatullāhi Wabarakātuh
 
Two currencies of the same country may be sold or exchanged for each other, but both amounts will have to be equal. They cannot be sold at a rate different from their face value.  Any excess on either side would be Riba (interest).1 2 3
 
One exception to the rule is for those notes or coins that have historical or sentimental value. These may be exchanged for a higher amount.4 5
 
And Allāh Ta῾āla Knows Best
Wassalāmu ῾alaykum

Ml. Sohail Bengali
Correspondence Iftā Student, US.

Checked and Approved by:
Mufti Ebrahim Desai
Dārul Iftā, Madrasah In῾āmiyyah

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