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Ref. No. 37 / 1054

As Salamo alaikum. I have lot of old coins of 1, 2 and 5 rupees.There is a process by which I can exchange these old conins. By exchanging these old coins,I get more money than the original value.For Example,if I give an old 2 rupee coin,I get 4 rupees or even more in return.So,is the extra money which I get while exchanging halal for me or not.
asked Apr 10, 2016 in Usury / Insurance by abdul400

1 Answer

Ref. No. 37 / 1051

In the name of Allah the most Gracious the most Merciful

The answer to your question is follows:

Exchanging old coins and getting more money than the original value in return is unlawful.

And Allah knows best

 

Darul Ifta

Darul Uloom Waqf Deoband

answered Apr 14, 2016 by Darul Ifta
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