Mufti Online — Madrasah Ta'leemuddeen

Repaying a loan in a foreign currency

· 20 Muharram 1445 AH1 min readEnglish

Question

My brother is living in Saudi Arabia and I want to purchase a house in Pakistan. For that I need a loan from my brother of 75000 PKR per month from 2015 to 2018. The total amount he paid to me in this period is 2,400,000 PKR. Now in July 2023, he sent me the loan details which is extactly what I took from him but in addition that he wants all his money in Saudi Riyals as he sent this money from Saudi Arabia. Please guide me on this.

Answer

If the loan was given in riyals, it will have to be repaid in riyals (i.e. the exact amount of riyals that was given as a loan).

And Allah Ta'ala (الله تعالى) knows best.

Answered by
Mufti Zakaria Makada
Checked & approved by
Mufti Ebrahim Salejee (Isipingo Beach)
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Source: Mufti Online — Madrasah Ta'leemuddeen — https://muftionline.co.za/node/33972
Fatawa SA: https://fatawa.co.za/fatwa/muftionline-33972

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