Paying back a loan in a different currency

Answered according to Hanafi Fiqh by Muftionline.co.za
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Q: A person asks his friend for PKR. 100,000 in 2007 and his friend gave him 1,700 dollars as value of USD was almost 59 in 2007 in Pakistan. Now in year 2019 how much he has to payback as loan.

Bismillaah

A: He may repay him in dollars or the present equivalent of the dollars in rupees.

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

 

Answered by:

Mufti Ebrahim Salejee (Isipingo Beach)

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