Is there any suspicion of usury in repaying a loan in Egyptian Pounds instead of Saudi Riyals—at the current exchange rate at the time of repayment—due to the change in the exchange rate between the two currencies?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
It is permissible to repay a debt in a currency different from the loan currency if agreed upon on the day of repayment, and at the exchange rate of that day, provided that no debt remains owing by the debtor. However, it is not permissible to stipulate this at the time of contracting the loan, as it would constitute currency exchange without immediate possession (ṣarf bidūn taqābuḍ), which is impermissible.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/169665
Where this answer came from
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- Ftawy
- Original fatwa ID
- 169665
- 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.
- Read the full ruling
- Read the full answer on Ftawy