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The question

Is it considered usury if a debtor repays an amount in dinars for a previous loan in euros, calculated at the current exchange rate, which results in an increase of 2,000 dinars over the original amount in its equivalent value at that time?

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Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 20261 min readAlso available in العربية
The answer

It is not permissible to stipulate repayment of the loan in a currency different from the loan's currency, because it is a currency exchange (sarf), and currency exchange requires immediate possession in the contracting session. However, if the repayment date is due, and the borrower wishes to repay in another currency and possession occurs, there is no objection; because exchanging currency for what is owed after the due date is like exchanging currency for what is already possessed.

Summarized from the full answer at Ftawy · imported

Read the full answer on Ftawy
Source platform
Ftawy
Original fatwa ID
68030
Imported
Translation status
Source text, unreviewed
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