Is borrowing a sum of money in Egyptian pounds to purchase a commodity, with the intention of repaying the same amount later after the appreciation of the exchange rate of the US dollar owned by the borrower, and utilizing the exchange rate difference as a surplus, considered usury (riba)?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
There is no harm for the questioner in borrowing from his friend, because a loan is a good deed and is not tied to the exchange rate. The friend's right will remain as is, and the loan will be repaid in kind.
Summarized from the full answer at Ftawy · imported
Read the full answer on Ftawyhttps://ftawy.com/en/questions/192130
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- Ftawy
- Original fatwa ID
- 192130
- Imported
- Translation status
- Source text, unreviewed
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