Is a loan repaid in the same currency, or is it permissible to repay in another currency?
Machine translationRead the Arabic original
Question:
The questioner says: I borrowed 100 dollars from my colleague because I needed them. When we return to the country, should I give him dollars or the local currency? And how is the transaction of foreign currencies handled?
Answer:
You give him what you took from him. You give him the currency you took from him. If you took dollars, you give him dollars. If you took rupees, you give him rupees. If you took pounds, you give him pounds. Unless he is satisfied that you give him another currency in its place. That falls under the category of currency exchange. And in the category of currency exchange, if he is satisfied, you give him riyals in place of the dollars. That is currency exchange, and there is no harm in it at the price of that day. Yes.
The questioner says: I borrowed 100 dollars from my colleague because I needed them. When we return to the country, should I give him dollars or the local currency? And how is the transaction of foreign currencies handled?
Answer:
You give him what you took from him. You give him the currency you took from him. If you took dollars, you give him dollars. If you took rupees, you give him rupees. If you took pounds, you give him pounds. Unless he is satisfied that you give him another currency in its place. That falls under the category of currency exchange. And in the category of currency exchange, if he is satisfied, you give him riyals in place of the dollars. That is currency exchange, and there is no harm in it at the price of that day. Yes.
Source
قناة «العلامة الدكتور صالح الفوزان»، هل يسدد القرض بنفس العملة أم يجوز بعملة أخرى؟ للشيخ الفوزان — youtube.com
The Arabic text is a machine transcription of the audio recording.