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The question

Must the debtor return the loan at its value at the time of lending or in kind, taking into account the currency's depreciation?

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

The jurists differed regarding repaying a loan when the currency's value changes. What is established among the majority is that a loan is repaid with its like, unless the currency is no longer available in the market, in which case it is repaid with its value. Therefore, the criterion for settling debts fixed in a certain currency is by its like, not by its value. So, if a person was loaned in Lira, then he owes the exact amount he borrowed in Lira, even if its value has decreased. It is recommended for the debtor to observe this, as it is a form of good repayment and a reciprocation of kindness.

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
166283
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