Repaying a loan in foreign currency and the change in exchange rate
Machine translationRead the Arabic original
Question:
He says: Honorable Shaykh, may Allah grant you success. He says: If a man lent another man one hundred Kuwaiti dinars, and they were worth one thousand and three hundred Saudi riyals, and on the day of repayment the one hundred dinars became worth one thousand and five hundred, and I want to receive them in riyals, do I receive one thousand and five hundred or one thousand and three hundred?
Answer:
You receive them at the rate of that day. You receive them at the rate of that day. Do not say to him, "Buy for me, buy for me the money that is in your liability for me, buy it for me, or give me its exchange value." Exchange value. Exchange value. The rate of that day. Yes.
He says: Honorable Shaykh, may Allah grant you success. He says: If a man lent another man one hundred Kuwaiti dinars, and they were worth one thousand and three hundred Saudi riyals, and on the day of repayment the one hundred dinars became worth one thousand and five hundred, and I want to receive them in riyals, do I receive one thousand and five hundred or one thousand and three hundred?
Answer:
You receive them at the rate of that day. You receive them at the rate of that day. Do not say to him, "Buy for me, buy for me the money that is in your liability for me, buy it for me, or give me its exchange value." Exchange value. Exchange value. The rate of that day. Yes.
Source
قناة «العلامة الدكتور صالح الفوزان»، 63 — youtube.com (1:00:18)
The Arabic text is a machine transcription of the audio recording.