I have a question about loan that I have given 40 Omani Riyals to my friend as loan before six months. At that time one Omani Riyal was equal to 222 Pakistani rupees. Now after six months one Omani Riyal is equal to 331 Pakistani rupees. He will return my loan in Pakistani currency. So should I take my loan back by considering the current value of Omani Riyal or the value before six months? Kindly send me detail answer.
Answer
(Fatwa: 170/170/M=1433)
If loan means a debt based on interest, then it was wrong that you gave your friend interest based loan. Loans based on interest are haram in Shariah and Hadith curses those who practice interest based dealing. A man who is taking interest based loan may be forced by need, but it is not lawful for the creditor in any condition to give interest based loan. However in the question mentioned above, you gave 40 Omani riyals to your friend as loan then your friend is bound to return you 40 Omani riyals. No matter what the value of riyal in Pakistani currency is. You should demand only 40 Omani riyals from your friend.
Allah (Subhana Wa Ta’ala) knows Best
Darul Ifta,
Darul Uloom Deoband