How are debts settled and collected in Syrian pounds after the depreciation of their value? And is it true that if the value of the pound falls by more than two-thirds against the dollar, debts are collected in dollars at the exchange rate on the date the debt was incurred?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
The basic principle in fulfilling fixed debts in a certain currency is by its like, not by its value. However, when the currency's value collapses and drops excessively, this change must be taken into consideration. This is the view held by most contemporary scholars and some earlier ones, in order to establish justice and remove harm from the creditor or the rightful owner. This is the opinion favored by Dr. Ali Al-Qaradaghi.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/181406
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- 181406
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- Summary from Ftawy's records, reviewed by El Fatwa's sharia committee.
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- Read the full answer on Ftawy