Repaying a loan in the currency of a country other than the currency of receipt
Machine translationRead the Arabic original
The questioner:
Honorable Shaykh, may Allah grant you success. I borrowed a sum of money from one of the brothers, and he is, perhaps, in a country other than the one where I reside, so he sent me the amount via the bank in the currency of his country
The Shaykh:
Welcome.
The questioner:
Perhaps I borrowed a sum of money from one of the brothers, and he resides in a country other than the one where I reside, so he sent me the amount via the bank in the currency of the country where he resides, and I received it in the currency of the country where I reside. Now, the price of one of the currencies has risen relative to the other, so in which currency do I repay the debt?
The Shaykh:
You repay in what you received; you repay in what you received, in the currency you received. If you borrowed dirhams, you repay in dirhams, even if the value increased. Or if you borrowed Saudi riyals, you repay in Saudi riyals, even if the price rose. If you borrowed British pounds, you repay in British pounds; you repay in the currency you received from him, whether its price fell or rose.
Honorable Shaykh, may Allah grant you success. I borrowed a sum of money from one of the brothers, and he is, perhaps, in a country other than the one where I reside, so he sent me the amount via the bank in the currency of his country
The Shaykh:
Welcome.
The questioner:
Perhaps I borrowed a sum of money from one of the brothers, and he resides in a country other than the one where I reside, so he sent me the amount via the bank in the currency of the country where he resides, and I received it in the currency of the country where I reside. Now, the price of one of the currencies has risen relative to the other, so in which currency do I repay the debt?
The Shaykh:
You repay in what you received; you repay in what you received, in the currency you received. If you borrowed dirhams, you repay in dirhams, even if the value increased. Or if you borrowed Saudi riyals, you repay in Saudi riyals, even if the price rose. If you borrowed British pounds, you repay in British pounds; you repay in the currency you received from him, whether its price fell or rose.
Source
قناة «العلامة الدكتور صالح الفوزان»، 141/76 شرح زاد المستقنع/ صالح الفوزان — youtube.com (22:31)
The Arabic text is a machine transcription of the audio recording.