What does islam say about a 'Cheque Cashing' business. The service fee is from 2%-9%, depending on how soon cash is needed.Is the service fees halal or haraam to collect?
Question
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What does islam say about a 'Cheque Cashing' business. The service fee is from 2%-9%, depending on how soon cash is needed.Is the service fees halal or haraam to collect?
Answer
Cheque cashing or discounting post dated cheques is not permissible.
and Allah Ta'ala Knows Best
Mufti Ebrahim Desai
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- Mufti Ebrahim Desai
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