Is the criterion in repaying value-based or like-for-like debts the value or the like?
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Is the criterion in repaying debts in the currency: Value or like? For example, I borrowed one thousand Jordanian dinars, which equaled five thousand Saudi riyals. If the value rises and falls, do I return the same amount?
You owe one Jordanian dinar; the loan is in that currency, so you must repay the same amount, whether its value has increased or decreased. It is as if you borrowed a sa' of wheat from me; it is obligatory for me to repay a sa' of wheat. If you borrowed a sa' of rice from me, I repay you with rice. When I borrowed it from you, the sa' was worth five riyals, and when I wanted to repay you, it was worth ten riyals. Would you say: "I will not repay you except half a sa'?" No, you must repay me the full sa', even if it is worth ten riyals. The same applies in the reverse case: if it was worth ten riyals at the time of the loan and is worth five riyals at the time of repayment, I am entitled only to the sa'. The summary is that a person repays what he borrowed, whether its value has increased or decreased; this is the rule.
You owe one Jordanian dinar; the loan is in that currency, so you must repay the same amount, whether its value has increased or decreased. It is as if you borrowed a sa' of wheat from me; it is obligatory for me to repay a sa' of wheat. If you borrowed a sa' of rice from me, I repay you with rice. When I borrowed it from you, the sa' was worth five riyals, and when I wanted to repay you, it was worth ten riyals. Would you say: "I will not repay you except half a sa'?" No, you must repay me the full sa', even if it is worth ten riyals. The same applies in the reverse case: if it was worth ten riyals at the time of the loan and is worth five riyals at the time of repayment, I am entitled only to the sa'. The summary is that a person repays what he borrowed, whether its value has increased or decreased; this is the rule.