Can this hadith be acted upon and is it reliable for the removal of debts?
اللهم مالك الملك , تؤتي الملك من تشاء , وتنزع الملك ممن تشاء
Yes, this Hadith has been declared reliable by ‘Allamah Mundhiri (bi isnadin jayyid) and Hafiz Haythami (rahimahullah) has declared the narrators reliable (rijaluhu thiqat).
(Targhib, vol. 2 pg. 614, Majma’uz Zawaid, vol. 10 pg. 186)
The full narration is as follows:
Sayyiduna Anas ibn Malik (radiyallahu ‘anhu) reports that Rasulullah (sallallahu ‘alayhi wa sallam) told Mu’adh (radiyallahu ‘anhu), “Should I not teach you a du’a which is you recite, your debts will be cleared even if they equal to mount Uhud?” The du’a is:
اللَّهُمَّ مَالِكَ الْمُلْكِ، تُؤْتِي الْمُلْكَ مَنْ تَشَاءُ، وَتَنْزِعُ الْمُلْكَ مِمَّنْ تَشَاءُ، وَتُعِزُّ مَنْ تَشَاءُ، وَتُذِلُّ مَنْ تَشَاءُ، بِيَدِكَ الْخَيْرُ، إِنَّكَ عَلَى كُلِّ شَيْءٍ قَدِيرٌ، رَحْمان الدُّنْيَا وَالْآخِرَةِ تُعْطِيهمَا مَنْ تَشَاءُ، وَتَمْنَعُ مِنْهُمَا مَنْ تَشَاءُ، ارْحَمْنِي رَحْمَةً تُغْنِينِي بِهَا عَنْ رَحْمَةِ مَنْ سِوَاكَ
Allahumma Malikal Mulk, Tu-til mulka man tasha u watanzi’ul mulka mimman tasha u, wa tu’izzu man tasha u, watudhillu man tasha u, biyadikal khayru innaka ‘ala kulli shay in Qadir Rahmanad Dunya wal Akhirati tu’tihima man tasha u wa tamna’u minhuma man tasha u irhamni rahmatan tughni ni biha ‘an Rahmati man siwak
(Al Mu’jamus Saghir, Hadith: 558. Also see: Al Mu’jamul Kabir, Hadith: 323 vol. 20)
O Allah! Possessor of the kingdom, You give the kingdom to whom You will, and You take the kingdom from whom You will. You grant honour to whom You will and disgrace whom You will. In Your Hand is all good. Verily, You are able to do all things. [O] Most Merciful of this world and the Hereafter, You grant them to whomsoever You wish and You deprive whomsoever You wish. Shower upon me such mercy, which will make me independent from the mercy of those besides You.’
Another du’a to remove debts is :
“A man approached Ali (radiyallahu ‘anhu) and declared, I am unable to pay my kitabah (money paid by a slave to his master to secure his freedom), so kindly assist me.
Ali (radiyallahu ‘anhu) said, ‘Should I not teach you some words which Rasulullah (sallallahu ‘alayhi wa sallam) taught me? If your debt were to be equivalent to Mount Sir/Sabir, Allah will remit it.’
Ali (radiyallahu ‘anhu) said, ‘Recite
اَللّٰہُمَّ اكْفِنِىْ بِحَلَالِكَ عَنْ حَرَامِكَ وَ اَغْنِنِىْ بِفَضْلِكَ عَمَّنْ سِوَاكَ
O Allah! Make Your halal provision sufficient for me [so that I stay away] from haram. And by Your grace, make me independent of everyone besides You”
Imam Tirmidhi (rahimahullah) has recorded this narration and declared it sound (hasan). Imam Hakim (rahimahullah) has also recorded this narration and has declared it authentic. Hafiz Dhahabi concurs.
(Sunan Tirmidhi, Hadith: 3563. Mustadrak Hakim, vol. 1 pg. 538)
Also see here
And Allah Ta’ala Knows best
Approved by: Moulana Muhammad Abasoomar