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The question

Must the debtor repay the loan in Saudi Riyals, which he received, or in Egyptian Pounds, according to the exchange rate at the time of receiving the loan?

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Source: FtawySummary from Ftawy's records · added here Sep 2, 20261 min readAlso available in العربية
The answer

Whoever borrows a currency must repay it with the same currency, without calculating its value at the time of borrowing. It is not permissible to stipulate repayment in a currency different from the one received. However, paying the difference in value between the two currencies with the consent of both parties, without compulsion, is permissible. The Islamic Fiqh Academy and a number of scholars, such as Ibn Baz and Ibn Uthaymeen, have affirmed that the basis for repaying fixed debts is with the like, not the value, and that it is not permissible for the lender to take an increase except with the borrower's forbearance. Violating this ruling and taking the difference unjustly is considered devouring people's property by false means.

Summary from Ftawy's records · added here

Reviewed by El Fatwa's sharia committee.

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Where this answer came from
Source platform
Ftawy
Original fatwa ID
19628
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.
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Read the full answer on Ftawy