Debt in Islam – What is Debt? – Learn Islam

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Virtues of giving extra time to the borrower In this Article We will learn about Debt in Islam – What is Debt? – Learn Islam

Question: Is there any virtue for giving someone extra time to repay his debt?

Answer: Yes, of course! Many virtues have been mentioned in the Quran and Hadeeth for being lenient and giving extra time to a borrower to repay his debt. In para 3, Surah Baqarah, Ayah 280, Allah  Translation from Kanz-ul-Iman: And if the debtor is in difficulty, give him respite until it becomes easy (to pay back). And if you give up the entire debt, it is better for you, if you know.

Like Debt in Islam - What is Debt? – Learn Islam

 In relation to this Ayah, Sadr ul Afazil, ’Allamah Maulana Sayyid Muhammed Na’eem-ud-Deen Muradabadi has said: Giving respite to the one who does not have the means to repay his debt or forgiving some of the debt or the entire debt is a great way of gaining great reward.

A blessed Hadith of Sahih Muslim states that the Holy Rasool has said: The one who gives respite to the one in debt (who does not have the means to repay it) or forgives the debt, Allah will give him the shade of his mercy on the day when there will be no shade other than the shade (given by) Allah The Holy Rasool has said: The one who likes that on the Day of Judgement, Allah Almighty saves him from sorrow, then he should give respite to the helpless person in debt or forgive his entire debt. (Muslim, pp. 845, Hadees 1563)

 The pious saints of Islam did not just give respite to the ones in debt, but were also lenient in their demanding of the repayment. In fact, a lot of times, they would even forgive the debt entirely! As Sayyiduna Shaqeeq Bin Ibrahi says that one day, I was walking on a path with Imam A’zam Abu Hanifah and he was going to inquire after an ill person.

Imam Abu Hanifah saw a man coming from a distance. This man quickly hid from Imam Abu Hanifah and changed his path. Imam e A’zam called him by his name and said: ’Walk the same way you were walking before, do not change the course.’ When he realised that Imam e A’zam has recognized him and called him, he became very embarrassed and stopped where he was. Imam e A’zam asked him: ’Why did you change your path?’ He replied: ’Huzoor! It has been a substantial time since I owed you 10,000 diagrams and I have not been able to repay you.

Because of this, seeing you, I felt extremely embarrassed.’ (I.e. I did not want to face you because of this embarrassment). Imam e A’zam replied: (Arabic)! Your situation has become such that you hid from my sight (out of the shame and fear of me asking for repayment)! Go! I have forgiven all what you owe me and I myself am witness to this! Next time, do not avoid me and meet me feeling yourself free from what you felt by looking at me.’ Sayyiduna Shaqeeq bin Ibrahim says: ‘(Upon seeing this beautiful characteristic of Imam Abu Hanifah I came to know that he is truly a Zahid (one who has no interest in this world). (Manaqib-ul-Imam Al A’zam Abi Hanifah, juz. 1, vol. 1, pp. 260)

Dear Islamic Brothers! Did you see how Imam e A’zam Abu Hanifah did not even feel it appropriate for the borrower to hide and change his path due to being embarrassed. Moreover, he displayed great mannerism and generosity that he forgave his entire debt. Only if we are also blessed with the passion of being lenient in demanding our borrowers to pay back the loan and where possible, we forgive in its entirety with good intentions and earn reward.

Wazaaif for relieving of debts

Question: Can you state some Wazifah to relieve one’s debt?

Answer: Below are three Wazaaif to relieve ones debt: he will remain protected from sorrow and grief. Moreover, the one who is in debt should read this Wazifah 11 times in the morning and evening (with Durood once before and after) until his wish is fulfilled. he will receive help from the unseen for paying back his debt.

  1. Once, a Mukatab3 came to the court of Hazrat Ali asking: ‘I cannot pay the amount of my freedom. Please help me!’ Hazrat Ali replied: ‘Shall I not teach Abu Dawood, vol. 2, pp. 133, Hadees 1555  Before starting the Wazifah, give a niyaz of at least £11 for conveying reward to

Huzoor Ghaus-e-Pak; and after the fulfilment of the purpose, distribute a Niyaz of at least £25 for conveying reward to Imam Ahmad Raza Khan Books for the aforementioned amounts can also be distributed. (Shubah Faizan-e-Madani Muzakarah)  A slave who makes a contract with his master that after paying a certain amount, he will be freed (Al-Mukhtasar-ul-Qudoori, pp. 308) you a few words that the Holy Rasool taught me? Even if you have debts as big as the Mount Seer, Allah will pay your debt on your behalf. You should read: You should also read this  times after every Salah and 100 times in the morning and evening daily (with Durood once before and after) until the fulfillment of your need.

 your debt will be cleared.  Sayyiduna Muaz Bin Jabal  has narrated that once, I was not able to attend the Jumu’ah Salah. When the Holy Rasool enquired as to why I did not attend, I humbly replied; I owed debt to a Jewish man Yuhanna Bin Baariya and he was sitting at my doorstep waiting for me to come out so he could take me into his custody and stop me from coming to you.’ The Holy Rasool said: ‘O Muaz! Do you want Allah to pay off your debt?’ I replied: ‘Of course!’ So the Holy Rasool said, ‘read this everyday: 1 Tirmizi, vol. 5, pp. 329, Hadees 3574

  • Declare in this manner (O Beloved), ‘O Allah! Owner of the
  • Kingdom; You give kingship to whomsoever You want, and
  • You take back kingship from whomsoever You want, and You
  • give respect to whomsoever You want, and You disgrace
  • whomsoever You desire; all goodness is only in Your Hand (of
  • power); indeed, You are Able to do all things.’ (27.) ‘You cause
  • then,part of the whole night to into the day, and You cause part of
  • the whole day to enter into the night, and You bring forth the living
  • from the dead, and You bring forth the dead from the living.
  • And You give to whomsoever You desire, without counting.’ O
  • the anyone  who is with respect and Merciful in the world and
  • the Hereafter! Whoever You want, You give from the world
  • and the Hereafter and from whoever You want, You stop from
  • them;
  • please clear my debt from me. Imran, That-ul-Ayah 26, vol. 2, p. 42. Al juz 4)(Tafser Qurtabi, part 3, Al

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