Must the debtor return the loan at its value at the time of lending or in kind, taking into account the currency's depreciation?
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.
Summarized from the full answer at Ftawy · reviewed Sep 2, 2026
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