Fatwa #1512430 April 2007Botswana

Is the value of the money today the same as in 1983? If not, how do you calculate the value?

Question

My father passed away 24 yrs ago. Estate wounded up, value r200 000. Uncle was in charge of distribution. Estate not distributed. Uncle says that he borrowed the money.

Answer

In the name of Allah, Most Gracious, Most Merciful

Assalaamu `alaykum waRahmatullahi Wabarakatoh

If the husband borrowed R200, 000 is 1983. He has to pay back the same amount today. The inflation rate from 1983 will not be added on the amount of R200, 000.

And Allah knows best

Wassalam

Mufti Ebrahim Desai
Darul Iftaa

#14720am going to ‘borrow money’ from an institution. It’s not a syar’i insitution, but we are trying ot make it syari. I am borrowing the money to buy some materials in order to renovate and extend my house. The institution is providing me with some money in order for me to buy some material... but the actual contract will be as :
#30723Debt payment according to the quantity, not value
#14618Mufti Saab my question is as follows. My parents recently bought a house. In order for it to be done in the Halal way they borrowed money from their children and other family members with their permission as opposed to the bank
#76391)My friend borrowed some money from me.While he returns,if he gives money earned by him in haram ways, Can i take that money? 2-Can female use toilet tissues instead of water after urination.
#17766I borrowed monet to do my shop and i cant pay it off. Am i Zakaatable?
#46970Is it permissible to borrow money from Haram sources?
#10305I borrowed money from a bank, didn't know it is haram but can't pay it off, what can I do?
#16484I wanted to know, it is permissible for me to borrow or lend money to my brother?

Something wrong with this record?

Question

Answer

Related rulings