The Majlis Archive

Finance - Banking - Business The Majlis Vol 24 No 06, p.5

What is the status of a voucher for which one pays?

Question

What is the status of a voucher for which one pays? The voucher is used to purchase goods at the shop for more than the price of the voucher. Will it be permissible to sell a voucher for more than the price paid?

Answer

The voucher is not a material commodity. The one who buys a voucher is actually paying in advance for the goods he will be purchasing. It is haraam to sell a voucher for more or less than the actual amount. It will be riba.

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Published in
The Majlis Vol 24 No 06
PDF page
5

Appears under KHULA’ & MJC JAHAALAT (approximate).

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