Paying a debt in a different currency
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The first question of fatwa number ( 8924 )
Q1: Is it permissible to pay a debt in a different currency after agreement between the two parties? He borrows a certain number of riyals on the condition that he will pay a certain number of dinars after checking the price of the day. .
A1 : If the situation is as described, the condition is forbidden; because it is a deferred currency exchange. It is only permissible if it is hand-to-hand in the same session. And success is from Allah, and may Allah send prayers and blessings upon our Prophet Muhammad, his family, and his Companions.
Q1: Is it permissible to pay a debt in a different currency after agreement between the two parties? He borrows a certain number of riyals on the condition that he will pay a certain number of dinars after checking the price of the day. .
A1 : If the situation is as described, the condition is forbidden; because it is a deferred currency exchange. It is only permissible if it is hand-to-hand in the same session. And success is from Allah, and may Allah send prayers and blessings upon our Prophet Muhammad, his family, and his Companions.
Source
www.alifta.gov.sa
The Arabic text is copied verbatim from the original source, without any edits.