How does a debtor repay his debt if the currency rate drops?
Machine translationRead the Arabic original
The questioner : The debt, O our Shaykh, is in currency. That is, it happens that two people from the same country leave for another country, and a debt arises from this person to that person. When they return to their country, is the debt repaid in the currency of the country where they borrowed, or in the currency of their home country? And if, for example, there is an operation of assessment when there is a difference in price?
The Shaykh : The difference in country, may Allah reward you, has no value. The operative cause in the matter is the stability of the value of the paper currency or its instability. So if, for example, a Jordanian borrows from a Kuwaiti, or vice versa, and the borrowed currency remains at the same value, he repays it in that exact form, and then the owner disposes of it as he wishes. But the sensitive point in the matter is if the value of this currency that the borrower took has dropped. Here, one does not look at the country, but rather at the drop. If it has dropped, the debtor must compensate the creditor for the percentage of the drop, because as the Exalted said in what you know of the Noble Qur'an:[Ar-Rahman 55:60] But this is countered by the exact opposite, and although we do not see this in this age, that a currency has risen in value. For example, so-and-so borrowed twenty dinars, but the twenty dinars became, for example, twenty-five. Just as it is narrated that there is an assessment of the decrease, likewise here, it is necessary to assess the increase based on the saying of Blessed and Exalted is He: [Al-Baqarah 2:279] This is the answer. Please.
The questioner : Speaking of the first question, for example, a person needs to spend twenty Jordanian dinars in Jordanian dinars. When he goes to that person, he does not have with him but eighteen, in our same example. So he transfers it; instead of spending it, he says, "Lend me the eighteen, and then I will pay you back eighteen." That way it is settled. He will say to you, "I am not..."
The Shaykh : Yes, it is settled if you have someone to lend to you.
The questioner : No, I mean, why does he need to spend it? Because he is in need.
The Shaykh : My brother, may Allah reward you, you have taken the answer. It is permissible, but the problem is solved if you have someone to lend to you. Now, any person you go to a grocery store and give him twenty dinars, and he does not have but eighteen, he will lend you eighteen.
The questioner : No, of course, he does not know you, he will not lend to you.
The Shaykh : Therefore, my brother, the problem is not this problem.
The questioner : Excuse me, there is a matter that was not clear to us. You mentioned an addition in the hadith: "and every measured or weighed item."
The Shaykh :
The questioner : Is this addition authentic?
The Shaykh : Or not?! When did you hear from...The Shaykh : ...the one who is supposed to narrate to you a narration that is not authentic?
The questioner : Perhaps we have not heard it, I mean.
The Shaykh : Perhaps. Leave it with that star; it is authentic, and in the majority of probability, and in Sahih al-Bukhari. As for it being authentic, it is like what you pronounce. As for it being in al-Bukhari, it is the Muslim's assumption.
The questioner : Does that mean everything that is sold by measure or weight falls under this?
The Shaykh : And so we said this to clarify the answer for the brother here. It is not so, for example, a car for a car; this is not measured or weighed. And there is a very large expansion, meaning there is restriction from one side and expansion from the other side, and this is better than an expansion that has no limits.
The Shaykh : The difference in country, may Allah reward you, has no value. The operative cause in the matter is the stability of the value of the paper currency or its instability. So if, for example, a Jordanian borrows from a Kuwaiti, or vice versa, and the borrowed currency remains at the same value, he repays it in that exact form, and then the owner disposes of it as he wishes. But the sensitive point in the matter is if the value of this currency that the borrower took has dropped. Here, one does not look at the country, but rather at the drop. If it has dropped, the debtor must compensate the creditor for the percentage of the drop, because as the Exalted said in what you know of the Noble Qur'an:
Is the reward for good [anything] but good?
هل جزاء الإحسان إلا الإحسانyou do no wrong, nor are you wronged.
لا تظلمون ولاتظلمونThe questioner : Speaking of the first question, for example, a person needs to spend twenty Jordanian dinars in Jordanian dinars. When he goes to that person, he does not have with him but eighteen, in our same example. So he transfers it; instead of spending it, he says, "Lend me the eighteen, and then I will pay you back eighteen." That way it is settled. He will say to you, "I am not..."
The Shaykh : Yes, it is settled if you have someone to lend to you.
The questioner : No, I mean, why does he need to spend it? Because he is in need.
The Shaykh : My brother, may Allah reward you, you have taken the answer. It is permissible, but the problem is solved if you have someone to lend to you. Now, any person you go to a grocery store and give him twenty dinars, and he does not have but eighteen, he will lend you eighteen.
The questioner : No, of course, he does not know you, he will not lend to you.
The Shaykh : Therefore, my brother, the problem is not this problem.
The questioner : Excuse me, there is a matter that was not clear to us. You mentioned an addition in the hadith: "and every measured or weighed item."
The Shaykh :
And likewise, measure and weight.
وكذلك الكيل و الوزنThe questioner : Is this addition authentic?
The Shaykh : Or not?! When did you hear from...The Shaykh : ...the one who is supposed to narrate to you a narration that is not authentic?
The questioner : Perhaps we have not heard it, I mean.
The Shaykh : Perhaps. Leave it with that star; it is authentic, and in the majority of probability, and in Sahih al-Bukhari. As for it being authentic, it is like what you pronounce. As for it being in al-Bukhari, it is the Muslim's assumption.
The questioner : Does that mean everything that is sold by measure or weight falls under this?
The Shaykh : And so we said this to clarify the answer for the brother here. It is not so, for example, a car for a car; this is not measured or weighed. And there is a very large expansion, meaning there is restriction from one side and expansion from the other side, and this is better than an expansion that has no limits.
Source
www.al-albany.com
The Arabic text is copied verbatim from the original source, without any edits.
