The Office of the Supreme Leader
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Practical Laws of Islam

    • Rules of Taqlīd
    • Rules on Purity
    • Prayer
    • Fasting
    • Khums
    • Jihad
    • Enjoining the Good and Forbidding Evil
    • Ḥarām Gains
    • Chess and Gambling Instruments
    • Music and Ghinā’
    • Dancing
    • Clapping
    • Non-maḥrams’ Pictures and Films
    • Satellite Television Equipment
    • Theatre and Cinema
    • Painting and Sculpture
    • Magic, Conjuring, and Evocation of Spirits and Jinn
    • Hypnosis
    • Lottery
    • Bribery
    • Medical Issues
    • Teaching, Learning and Their Proprieties
    • Copyrights
    • Dealing with non-Muslims
    • Working for Oppressive States
    • Clothing
    • Treating the West
    • Smoking and Narcotics
    • Shaving the Beard
    • Attending Gatherings of Debauchery
    • Writing Supplications and Istikhārah
    • Religious Events
    • Hoarding and Extravagance
    • Buying and Selling
    • Miscellaneous Issues in Business
    • Rules Concerning Ribā
    • Right of Pre-emption
    • Hiring, Renting, and Lease
    • Surety
    • Pawning and Mortgaging
    • Partnership
    • Presents and Gifts
    • Debt and Loan
    • Ṣulḥ
    • Power of Attorney
    • Mustaḥabb Alms
    • Deposits and Loaned Properties
    • Leaving a Will
    • Usurpation
    • Placement under Guardianship and Signs of Maturity
    • Silent Partnership
    • Banking
      • Bank Prizes
      • Working in the Banking Sector
      • Rules of Checks and Bills of Exchange
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        Rules of Checks
         
        Q1934. What is the ruling in the matter of selling post-dated checks for less than their nominal value for cash?
        A: There is no objection in selling a post-dated check to another person for an amount less/more than its nominal value. However, it is problematic, or rather not permissible to borrow money and give the creditor a post-dated check whose nominal value is more than the debt. This is a ribā-based loan and ḥarām although it is not remote that the very loan is valid.
         
        Q1935. Can the amount of the check be considered cash, so much so that the debtor can say that they settled the debt by giving it to the creditor?
        A: The check cannot be treated in the same way cash can. The settlement of the debt, by way of writing a check to the creditor or the seller is dependent on whether or not receiving it is considered as receiving its amount. This, however, is governed by different circumstances and people.
      • Insurance
    • State Property
    • Endowments
    • Rules Concerning Graveyards
    • Glossary
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