Darul Iftaa Mahmudiyyah

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

· 13 Rabiʻ II 1428 AH1 min readFatwa 15124English

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.

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

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

Answered by
Mufti Ebrahim Desai
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Source: Darul Iftaa Mahmudiyyah — https://askimam.org/public/question_detail/15124
Fatawa SA: https://fatawa.co.za/fatwa/askimam-15124

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