If one lends on the condition that it be repaid in another country or in another currency, does this fall under the hadith: “Every loan that brings a benefit is riba (usury or interest)”?
Machine translationRead the Arabic original
Question:
May Allah reward you, Your Eminence, father. The questioner asks: Is it permissible for me to lend to another person on the condition that he repays in another country or in another currency?
Answer:
This is extracting a benefit. This is extracting a benefit for you, whether in another country or in another currency. He must repay you in the same type of what he took from you, in the place where he borrowed from you, in the country where he borrowed from you. Yes.
May Allah reward you, Your Eminence, father. The questioner asks: Is it permissible for me to lend to another person on the condition that he repays in another country or in another currency?
Answer:
This is extracting a benefit. This is extracting a benefit for you, whether in another country or in another currency. He must repay you in the same type of what he took from you, in the place where he borrowed from you, in the country where he borrowed from you. Yes.
Source
قناة «العلامة الدكتور صالح الفوزان»، [1273 -2802] من أقرض على أن يسدد في بلد آخر أو بعملة أخرى، هل يدخل في حديث (كل قرض جر نفعا فهو ربا)؟ — youtube.com
The Arabic text is a machine transcription of the audio recording.
