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September 5, 2025Kamaya Jurnal Ilmu Agama

Islamic Legal Review of Pre-Eid Money Exchange Practices and Exchange Rate Impacts in Medan

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FZFatimah Zahara

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Overview

Qualitative study examines money exchange and sharia compliance in Medan, indicating economic benefits yet potential legal violations.

Key Points

  • The practice of money changing before Lebaran can lead to riba fadhl, raising legal concerns under Islamic law.
  • In Medan, non-official money changers often charge high administrative fees, impacting the exchange rate for consumers.
  • Using an ijarah contract with transparent fees could make transactions compliant with sharia law.
  • Strict regulations and education on Islamic law are recommended to mitigate risks of illegal practices and counterfeit money.

Cite This Study

Fatimah Zahara (2025) studied this question.

synapsesocial.com/papers/68bb5f3e6d6d5674bcd03641https://doi.org/10.37329/kamaya.v8i3.4651
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