Repaying a Loan When the Value of the Currency Decreases
Machine translationRead the Arabic original
Question:
Honorable Shaykh, may Allah grant you success. A questioner says: I borrowed five thousand pounds from a friend of mine in Egypt a year ago. The value of the pound has dropped, and its worth has decreased by the time I repay this loan. Should I give him the same amount, or should I give him an increase? And is this increase considered riba (usury or interest)?
Answer:
By Allah, you give him the value of the day of repayment, even if it is lower.
Honorable Shaykh, may Allah grant you success. A questioner says: I borrowed five thousand pounds from a friend of mine in Egypt a year ago. The value of the pound has dropped, and its worth has decreased by the time I repay this loan. Should I give him the same amount, or should I give him an increase? And is this increase considered riba (usury or interest)?
Answer:
By Allah, you give him the value of the day of repayment, even if it is lower.
Source
شرح إغاثة اللهفان من مصائد الشيطان لابن القيم، فصل ومن مكايده ومصايده ما فتن به عشاق الصور — islamhouse.com (1:06:09)
The Arabic text is a machine transcription of the audio recording.