Muslim group asks government to hold hand on fast track implementation of new $100 note

Date: 
Friday, December 6, 2019 - 12:30

Members of the Muslim community are calling on the government to hold their hand on a decision to fast track the implementation of the new $100 note.

They are concerned that the change will adversely affect Muslims who don't use the banking system as it is against their religious beliefs to accumulate interest.

"Many Muslims do not use the current banking system due to the Quranic prohibition of charging interest.

They save their money otherwise. How will they be treated at the commercial banks when they attempt to change their legally earned money?" asked Imtiaz Ali, Public Relations Officer of Muslims of T&T

Mohammed also said the change would adversely affect small businessmen and taxi drivers, who do not use banks to house their money.

Imam Sheraz Ali also raised concerns about the Muslims who had been saving money to travel to Hajj and questioned if the change would create complications for them.

Reporter: Peter Christopher

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