Shortened Question:

Should loan be repaid at original conversion rate of exchange or at current conversion rate of exchange?

Question:

Assalamu alaikum, I need to check for Loan issue which I took 19 years back, now I am able to return, but need to check. I took money in dinar in 2004 now I want return in Indian rupees. So my question is should I return same conversion of 2004 or I have to convert as per current conversion 2023? Please advise..

JazakAllah Khair.

Answer:

In the Name of Allah, the Most Gracious, the Most Merciful.

As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.

The value of the loan should be converted using the current exchange rate.

And Allah Ta’āla Knows Best,                                        

Mufti Saeed Ahmed Golaub.

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