The one who hastens to convert this paper currency into gold, fearing that its purchasing power will decrease after a certain number of years.

The questioner : The one who hastens to convert this paper currency into gold, fearing that its purchasing power will decrease after a certain number of years?

The Shaykh : There is no objection, provided that it is not for trade; meaning, if the price of gold rises, he brings it to the market. As for what you are mentioning, that is better.

The questioner : In that case, regarding the issue of debt: if you lend a person a sum, for example, one hundred dinars, but it is calculated for him as 10 grams of gold of a certain purity, on the basis that if he repays it after two or three years, the purchasing power of the dinar may have changed, so instead of him repaying it...

The Shaykh : When you wrote the value, was it the value at that moment?

The questioner : The value at that moment.

The Shaykh : That is the obligatory and the best.

The questioner : Okay, in this scenario, I tried to start, but the problem is that the one who lends him encountered... he said: the one who is harmed during that period, meaning, for example, when...

The Shaykh : Encountered? You say encountered?

The questioner : Encountered this scenario.

The Shaykh : Encountered this scenario?

The questioner: Yes.

The Shaykh : And he is the one who benefits.

The questioner: Yes.

The Shaykh : Let him go his own way.

The questioner : But he said that if he repays the money, that harm will be doubled for me, for example; first, the money is in the store, and then my salary remains as it is.

The Shaykh : What is the solution? What is the solution in your view?

The questioner : It is not clear at all.

The Shaykh : Yes?

The questioner : It is not clear at all.

The Shaykh : What is the solution in your view? He needs to borrow; what is the solution? He does not borrow?

The questioner : If he is going to repay the whole amount, he needs, according to this measure, it is a disaster!

The Shaykh : ... My brother, are you judging him regarding the future?

The questioner : Regarding the future, yes.

The Shaykh : And what told you that it will deteriorate, you or he?

The questioner : No, he presents the scenario of harm; he does not present the second scenario of deterioration.

The Shaykh : You did not answer me, you did not answer me! What told you, you or he, that there will be deterioration?

The questioner : The situation is... there will be deterioration, ... the purchasing power of the currency will drop, he predicts - for example - from this situation that it may drop even more, so it follows that he will have to repay double or close to that.

The Shaykh : My brother, the Jordanian dinar that equals ten riyals.

The questioner : It became five.

The Shaykh : It dropped to five. When it dropped to five, I told him, you should record it - for example - as the value of gold, so what did he say? It is necessary that the dinar drops, when I told him - for example - in this case? We convert the value to gold; what told you or told him that the dinar will also drop? ... And suppose the dinar improves by a few piastres, this is not permissible, but dealing in gold is the principle, and paper currency has no intrinsic value, so if it is possible to avoid dealing on the basis of gold, that would be justice; whether the paper currency drops or rises, we do not care about that, because gold does not drop or rise, but paper currency is what drops and rises.