3 Important Things You Must Know About Debt In Islam



1. In Islamic perspective, regarding to the debt transaction, we must pay it back as soon as possible to get blessing from Allah.

"Allah pardoned all the sins of the dead who died a martyr, unless he has a debt (to humans)" (Muslim, 6/28)

2. Debt from an Islamic perspective is a bad thing and should be avoided, except in cases of extreme hardship.

 "O God, I seek refuge in You from sin and debt, and then he asked: Why are you always asking for protection from debt, Messenger of Allah? He said: "If someone in debt, when he speaks, he will not tell the truth, when he promises, he will not fulfill it." (al-Bukhari, 1/214)

3. Our intention in lending and borrowing money is crucial.

"Those who borrow from other people's property with the intention of returning it, GOD will repay it, but whoever lent it with the intention of harm, GOD will harm them " (al-Bukhari, 2/83)

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