What is the ruling on borrowing in dollars and repaying in riyals?
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Question:
The questioner says: I needed a loan of money, but I could not find anyone to lend to me. A man told me that he would lend to me in dollars on the condition that I repay in riyals, calculating the dollar at five riyals, to be repaid in installments. It is known that the dollar...?
Answer:
Do not finish. This is riba (usury or interest). It is not permissible. It is riba (usury or interest). It is not valid.
The questioner says: I needed a loan of money, but I could not find anyone to lend to me. A man told me that he would lend to me in dollars on the condition that I repay in riyals, calculating the dollar at five riyals, to be repaid in installments. It is known that the dollar...?
Answer:
Do not finish. This is riba (usury or interest). It is not permissible. It is riba (usury or interest). It is not valid.
Source
binbaz.org.sa
The Arabic text is copied verbatim from the original source, without any edits.