Banking: Treating a Check as Cash for Debt Settlement**

Practical Laws of Islam as per the teachings of Imam Khamenei

Banking: Treating a Check as Cash for Debt Settlement**

English:

Question #1935:

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?

Answer #1935:

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.

-Imam Khamenei, Practical Laws of Islam, Importance and Conditions of Banking