Text copied Link copied

Al-Fatawa – home

﴿ فَاسْأَلُوا أَهْلَ الذِّكْرِ إِن كُنتُمْ لَا تَعْلَمُونَ ﴾

Scholar
Search mode

If the value of the currency changes, does the value of the debt change?

Machine translationRead the Arabic original
The questioner : Right now, O Shaykh, I borrowed one hundred thousand Iraqi dinars from a person. The Iraqi dinar was, of course, low in value. Now the Iraqi dinar has risen. So, does this mean that I will return to him one hundred thousand dinars, and my need is that I will be unable to pay this amount, or should I measure it by gold, for example?

The Shaykh : Yes, you measure it, but you must also keep in mind the reverse: when the Iraqi dinar was more valuable than the Jordanian dinar.

The questioner: Yes.

The Shaykh : So I borrowed one thousand Iraqi dinars at that time.

The questioner : Yes.

The Shaykh : Then it fell the well-known fall.

The questioner : Yes.

The Shaykh : So do I give him one thousand dinars, or do I give him the amount of gold that is equivalent to it at that time?

The questioner : The amount of gold that is equivalent to it at that time.

The Shaykh : This is the answer.

The questioner : May Allah bless you, O Shaykh.

Another questioner : May Allah reward you with good for the question.

Another questioner : ... We get in the car and ask you questions.

The Shaykh : No, there is no room for that.

The questioner : Shaykh, a question, Shaykh.

Another questioner : I wish, Shaykh, by Allah ... .

The Shaykh : ... .

The questioner : If the ... the people of the mosque gather, they do not pray, Shaykh.
Source www.al-albany.com

The Arabic text is copied verbatim from the original source, without any edits.

Similar fatwas