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How are the profits and expenses resulting from renting furnished apartments in Turkey calculated for their owners in dollars, taking into account the fluctuation of the dollar exchange rate against the Turkish Lira throughout the year? And is there any suspicion of usury in this transaction?

1 min readAlso available in العربية

This company acts as an agent for apartment owners in collecting rent in dollars. It is preferable that an agreement be reached between the two parties as to whether the rent should be kept in dollars or immediately converted to Turkish Lira. If no agreement is reached, the agent must strive for what is most beneficial for his client. The accountant must execute the instructions of the company owner, because the questioner's method of calculating based on the average dollar price for the year contradicts the employer's directive and does not align with either of the two methods.

Summarized from the full answer at Ftawy · reviewed Sep 2, 2026

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