7 Principles in Debt Collecting (Part 02 – Finished)
Author: Ustadz Ammi Nur Baits (Advisory Board of Konsultasisyariah.com)
In the name of Allah, peace and prayer of Allah be upon His messenger, amma ba’du,
In the previous article , we’ve discussed about 2 principles in debt collecting. In this article below, we’re going to elaborate about the rest 5 principles, and here is the details.
Thirdly, lending money is included in social transaction, as a righteous deed. Threfore, people who lends his money is not allowed to take profit from the debt (the money he lent) in whatever form before the debt is paid off.
Fudhalah Bin Ubaid –may Allah be pleased with him- said,
كل قرض جر منفعة فهو ربا
“Every credit that yields profit, the profit is usury”