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Loans and Debts

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Rasulullah Sallallaahu Alayhi Wa Sallam has stated:

î  Whoso gives respite to a debtor or forgives his debt, Allah will save him from the calamities of the Resurrection Day. (Muslim)

î  Whoever is owed by one of his brothers and allows respite for the payment of the debt will be given the reward of charity (equal to the amount owed to him) for each day he gives respite to the debtor. (Ahmad)

î  Whoso takes loan of the properties of men intending to pay it back, Allah gives him means to pay it, and whoso takes loan intending to destroy it, Allah will destroy him on its account. (Bukhari)

î  After the major sins which must be avoided, the greatest sin is death in a state of debt, having left behind no assets to pay it off. (Ad-Darimi)

î  By the One in Whose Hand is the life of Muhammad, if a man be killed in the way of Allah and then raised to life, and again be killed in the way of Allah and again raised to life, and again be killed in the way of Allah and again raised to life with debt due from him, he shall not enter Paradise till his debt is paid. (Ahmad)

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