Questions: If a person lends a sum of money in dollars, must it be repaid in riyals?
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The questioner : If a person borrows a sum in dinars, is it permissible...?
The Shaykh : If a person borrows a sum in dollars.
The questioner : In dinars.
In dinars? In dinars, is it permissible to give dirhams in exchange for them?
Answer: Yes, but with two conditions mentioned by the Messenger of Allah (peace and blessings be upon him). Ibn 'Umar (may Allah be pleased with him and his father) said: "We used to sell camels in al-Baqi' for dirhams, and we would take dinars in exchange for them, or we would take dinars and take dirhams in exchange for them. So we asked the Messenger of Allah (peace and blessings be upon him) about that, and he said:Bulugh al-Maram 7:28. - Pay attention, my brother -. The Prophet (peace and blessings be upon him) stipulated two conditions. What are they?
That it be at the price of the day, and second: that you do not separate while anything remains between you. Why? Because if he takes it at other than the price, he will either take it for less, or he will take it for more.
An example of this: If he owed one hundred dirhams, and the dirhams were ten to a dinar, how much does he take for one hundred dirhams? Ten dinars. Good. If he took eleven dinars, he profited from something that did not enter into his guarantee, and the Prophet (peace and blessings be upon him) forbade profiting from what did not enter into one's guarantee.
Good. If he took it for nine, is it permissible or not? It appears that you did not...
This is a man who gave a person one hundred dirhams, and he wanted to take dinars for the one hundred dirhams, and the dirhams were ten to a dinar, so he took ten dinars for the one hundred, meaning he took it at the price of the day.
Did he take eleven? Did he profit or not?
The student: He profited.
The Shaykh : ... He took an extra dinar because the hundred equals ten, he took eleven now, he profited from something that did not enter into his guarantee because it was in the debtor's liability, it did not enter into the student's guarantee, and the Prophet (peace and blessings be upon him) forbade profiting from what did not enter into one's guarantee.
Good, if he took nine dinars instead of the hundred? Is it permissible or not? If we took the apparent meaning of the hadith, we would say it is not permissible, because the Messenger (peace and blessings be upon him) said:. But we say: The intended meaning of valuing it at the price of the day is that one does not profit from what did not enter into his guarantee, so if he took nine dinars for one hundred dirhams, this is permissible, because the creditor waived part of his right, and it is permissible for a person to waive part of his right and to pardon it.
... He took ninety dirhams. And this is permissible, there is no harm in it.
Good, the Prophet (peace and blessings be upon him) stipulated another condition: that you do not separate while anything remains between you. Why? Because the sale of dirhams for dinars requires mutual possession in the session of the contract, due to the saying of the Prophet (peace and blessings be upon him):Sahih Muslim 1584e, and then he said at the end of the hadith: Sahih Muslim 1587c.
And based on this, if a person takes dinars in exchange for dirhams, that is permissible with two conditions: that he takes them at the price of the day, and second: that they do not separate while anything remains between them.
The Shaykh : If a person borrows a sum in dollars.
The questioner : In dinars.
In dinars? In dinars, is it permissible to give dirhams in exchange for them?
Answer: Yes, but with two conditions mentioned by the Messenger of Allah (peace and blessings be upon him). Ibn 'Umar (may Allah be pleased with him and his father) said: "We used to sell camels in al-Baqi' for dirhams, and we would take dinars in exchange for them, or we would take dinars and take dirhams in exchange for them. So we asked the Messenger of Allah (peace and blessings be upon him) about that, and he said:
There is no harm in taking them at the current rate so long as you do not separate leaving something still to be settled (from the exchange).
لا بأس أن تأخذها بسعر يومها ما لم تتفرقا وبينكما شيءThat it be at the price of the day, and second: that you do not separate while anything remains between you. Why? Because if he takes it at other than the price, he will either take it for less, or he will take it for more.
An example of this: If he owed one hundred dirhams, and the dirhams were ten to a dinar, how much does he take for one hundred dirhams? Ten dinars. Good. If he took eleven dinars, he profited from something that did not enter into his guarantee, and the Prophet (peace and blessings be upon him) forbade profiting from what did not enter into one's guarantee.
Good. If he took it for nine, is it permissible or not? It appears that you did not...
This is a man who gave a person one hundred dirhams, and he wanted to take dinars for the one hundred dirhams, and the dirhams were ten to a dinar, so he took ten dinars for the one hundred, meaning he took it at the price of the day.
Did he take eleven? Did he profit or not?
The student: He profited.
The Shaykh : ... He took an extra dinar because the hundred equals ten, he took eleven now, he profited from something that did not enter into his guarantee because it was in the debtor's liability, it did not enter into the student's guarantee, and the Prophet (peace and blessings be upon him) forbade profiting from what did not enter into one's guarantee.
Good, if he took nine dinars instead of the hundred? Is it permissible or not? If we took the apparent meaning of the hadith, we would say it is not permissible, because the Messenger (peace and blessings be upon him) said:
At the price of the day.
بسعر يومها... He took ninety dirhams. And this is permissible, there is no harm in it.
Good, the Prophet (peace and blessings be upon him) stipulated another condition: that you do not separate while anything remains between you. Why? Because the sale of dirhams for dinars requires mutual possession in the session of the contract, due to the saying of the Prophet (peace and blessings be upon him):
Gold is to be paid for by gold, silver by silver
الذهب بالذهب والفضة بالفضةIf these classes differ, then sell as you wish if payment is made hand to hand.
إذا اختلفت هذه الأصناف فبيعوا كيف شئتم إذا كان يدا بيدAnd based on this, if a person takes dinars in exchange for dirhams, that is permissible with two conditions: that he takes them at the price of the day, and second: that they do not separate while anything remains between them.