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.
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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