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Paying a debt in a different currency

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Business and DealingsPartnerships

Question

I placed my partner's money overseas without his knowledge. In December we decided to end the partnership and I worked out in dollars (R13.72) the amount owing to my partner and we signed. It is now April and the dollar price (12.02) has dropped. Do I now pay him out on the current dollar price. If we signed in December would it not be in accordance with Sharia to pay him on the dollar price at that time (13.72). Or everytime I pay must it be at current value.

Answer

You need to pay the exact currency that you took of his or its equivalent.

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

Answered by
Mufti Ebrahim Salejee (Isipingo Beach)
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