What is the wisdom behind a man borrowing in riyals and repaying the equivalent in pounds?
Machine translationRead the Arabic original
Question:
He says: Honorable Shaykh, may Allah grant you success, what is the ruling on one who borrows a sum of money in riyals and wants to repay the amount in its equivalent in pounds?
Answer:
There is nothing wrong with that. This is currency exchange. If he has a currency in his debt and, upon repayment, he gives the creditor another currency in exchange for it, this is called currency exchange, provided they do not separate until the exchange is completed.
He says: Honorable Shaykh, may Allah grant you success, what is the ruling on one who borrows a sum of money in riyals and wants to repay the amount in its equivalent in pounds?
Answer:
There is nothing wrong with that. This is currency exchange. If he has a currency in his debt and, upon repayment, he gives the creditor another currency in exchange for it, this is called currency exchange, provided they do not separate until the exchange is completed.
Source
قناة «العلامة الدكتور صالح الفوزان»، [846 -858] ما حكمة استدانة الرجل بعملة الريال وسدادها بما يعادلها بالجنيهات؟ - الشيخ صالح الفوزان — youtube.com
The Arabic text is a machine transcription of the audio recording.