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A loan is money given by one person to another to be returned later in the same amount, so as to benefit the recipient only. It is legitimate, as is clearly stated in numerous Qur’anic verses and Hadith.

Applied For A Loan In Dollars & Received In Pounds, How Do I Pay Back?


This issue is happening with brexit and around the world when you take a loan in dollars but they pay you in pounds. When it comes to money exchange it is given hand to hand immediately, and it has to be exact same quantity and in same currency it was received in.

Loans: definition and supporting evidence


Loans are permissible in Islam only if they are to be returned later in the same amount. It is lawful and strongly encouraged through numerous verses and hadiths as a way to help others and easing their problems.