What is the ruling of Islamic law regarding a creditor's refusal to accept repayment of a debt in a currency other than the one agreed upon, given the debtor's inability to provide the agreed-upon currency except at an exorbitant price?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
The loan must be repaid in Riyals as it was taken, even if its exchange rate against the Egyptian Pound has risen, because what is obligatory in repaying a loan is its equivalent. It is not permissible to link fixed debts to the price level. There is no usury or injustice in this; rather, it is justice, and the doer of good should be rewarded with good. The Messenger of Allah, peace and blessings be upon him, said: "Indeed, the best of people are those who are best in fulfilling their obligations."
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/192257
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 192257
- Added here
- . This is when the answer was added to El Fatwa, not the fatwa's date.
- Text
- Summary from Ftawy's records, reviewed by El Fatwa's sharia committee.
- Read the full ruling
- Read the full answer on Ftawy