Selling a banknote at a discount

Question

Question: What is the ruling on selling a rupee of base-metal alloy or of silver for 20 annas (a coin worth 1/16 of a rupee)? And what is the ruling on taking and giving torn, old banknotes at a discount?

Answer

Selling a rupee of silver or of base-metal alloy for 20 annas or for one and a half rupees is permissible in the Shari‘a; a torn, old banknote for less or more is not permissible.

Source: Fatawa Mahmudiyya

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