Loan
From HodHood
Loan Completed Form
The word Loan is a stemmed form of the following words:
Loan Dictionary Definition
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from dictionary.com
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from collinsdictionary.com
https://www.collinsdictionary.com/dictionary/english/Loan
Loan in Wikipedia
https://en.wikipedia.org/wiki/Loan
Loan References or Citations
In Quran
| Quran Surat | Sura and Ayah | Polarity | Sura Classification | Sura Sequence | Related Subjects | Ayah Text | English Translation |
|---|---|---|---|---|---|---|---|
| Surat AlBaqara Ayah 245 | Surat AlBaqara | 0.21 | 87 | Loan beauti, Beauti loan, Doubl credit, Loan doubl, Giveth plenty, Time giveth, Plenty return, Credit multipli, Multipli time | مَنْ ذَا الَّذِي يُقْرِضُ اللَّهَ قَرْضًا حَسَنًا فَيُضَاعِفَهُ لَهُ أَضْعَافًا كَثِيرَةً وَاللَّهُ يَقْبِضُ وَيَبْسُطُ وَإِلَيْهِ تُرْجَعُونَ | Who is he that will loan to Allah a beautiful loan, which Allah will double unto his credit and multiply many times? It is Allah that giveth (you) Want or plenty, and to Him shall be your return. | |
| Surat AlMaidah Ayah 12 | Surat AlMaidah | 0.24 | 112 | Children israel, Establish regular, Regular prayer, River flow, Garden river, Admit garden, Regular charity, Practis regular, Regular prayers, Loan beauti, Beauti loan, Prayers practis, Coven children, Resisteth faith, Loan wipe, Wander path, Charity messengers, Messengers honour, Wipe evils, Honour assist, Flow resisteth, Aforetim coven, Israel appoint, Faith wander, Path rectitud, Captain establish, Appoint captain, Evils admit, Assist loan | وَلَقَدْ أَخَذَ اللَّهُ مِيثَاقَ بَنِي إِسْرَائِيلَ وَبَعَثْنَا مِنْهُمُ اثْنَيْ عَشَرَ نَقِيبًا وَقَالَ اللَّهُ إِنِّي مَعَكُمْ لَئِنْ أَقَمْتُمُ الصَّلَاةَ وَآتَيْتُمُ الزَّكَاةَ وَآمَنْتُمْ بِرُسُلِي وَعَزَّرْتُمُوهُمْ وَأَقْرَضْتُمُ اللَّهَ قَرْضًا حَسَنًا لَأُكَفِّرَنَّ عَنْكُمْ سَيِّئَاتِكُمْ وَلَأُدْخِلَنَّكُمْ جَنَّاتٍ تَجْرِي مِنْ تَحْتِهَا الْأَنْهَارُ فَمَنْ كَفَرَ بَعْدَ ذَلِكَ مِنْكُمْ فَقَدْ ضَلَّ سَوَاءَ السَّبِيلِ | Allah did aforetime take a covenant from the Children of Israel, and we appointed twelve captains among them. And Allah said: "I am with you: if ye (but) establish regular prayers, practise regular charity, believe in my messengers, honour and assist them, and loan to Allah a beautiful loan, verily I will wipe out from you your evils, and admit you to gardens with rivers flowing beneath; but if any of you, after this, resisteth faith, he hath truly wandered from the path or rectitude." | |
| Surat AlHadeed Ayah 11 | Surat AlHadeed | 0.28 | 94 | Loan beauti, Beauti loan, Liber reward, Credit liber, Increas manifold, Manifold credit, Loan increas | مَنْ ذَا الَّذِي يُقْرِضُ اللَّهَ قَرْضًا حَسَنًا فَيُضَاعِفَهُ لَهُ وَلَهُ أَجْرٌ كَرِيمٌ | Who is he that will Loan to Allah a beautiful loan? for (Allah) will increase it manifold to his credit, and he will have (besides) a liberal Reward. | |
| Surat AlMuzammil Ayah 20 | Surat AlMuzammil | 0.3 | 3 | Forgiving merci, Establish regular, Regular prayer, Regular chariti, Lord doth, Prayer regular, Qur easi, Loan beauti, Beauti loan, Seek grace, Turn merci, Appoint night, Night half, Night night, Due measur, Travel seek, Night doth, Send soul, Count thereof, Measur knoweth, Loan send, Doth appoint, Parti doth, Standest prayer, Nigh third, Yea greater, Reward seek, Doth standest, Half night, Knoweth health, Doth parti, Thereof turn, Prayer nigh, Chariti loan, Merci qur, Easi establish, Grace forgiving, Easi knoweth, Race forgiv, Knoweth unabl, Night due, Greater reward, Third night, Health travel, Unabl count | إِنَّ رَبَّكَ يَعْلَمُ أَنَّكَ تَقُومُ أَدْنَى مِنْ ثُلُثَيِ اللَّيْلِ وَنِصْفَهُ وَثُلُثَهُ وَطَائِفَةٌ مِنَ الَّذِينَ مَعَكَ وَاللَّهُ يُقَدِّرُ اللَّيْلَ وَالنَّهَارَ عَلِمَ أَنْ لَنْ تُحْصُوهُ فَتَابَ عَلَيْكُمْ فَاقْرَءُوا مَا تَيَسَّرَ مِنَ الْقُرْآنِ عَلِمَ أَنْ سَيَكُونُ مِنْكُمْ مَرْضَى وَآخَرُونَ يَضْرِبُونَ فِي الْأَرْضِ يَبْتَغُونَ مِنْ فَضْلِ اللَّهِ وَآخَرُونَ يُقَاتِلُونَ فِي سَبِيلِ اللَّهِ فَاقْرَءُوا مَا تَيَسَّرَ مِنْهُ وَأَقِيمُوا الصَّلَاةَ وَآتُوا الزَّكَاةَ وَأَقْرِضُوا اللَّهَ قَرْضًا حَسَنًا وَمَا تُقَدِّمُوا لِأَنْفُسِكُمْ مِنْ خَيْرٍ تَجِدُوهُ عِنْدَ اللَّهِ هُوَ خَيْرًا وَأَعْظَمَ أَجْرًا وَاسْتَغْفِرُوا اللَّهَ إِنَّ اللَّهَ غَفُورٌ رَحِيمٌ | Thy Lord doth know that thou standest forth (to prayer) nigh two-thirds of the night, or half the night, or a third of the night, and so doth a party of those with thee. But Allah doth appoint night and day in due measure He knoweth that ye are unable to keep count thereof. So He hath turned to you (in mercy): read ye, therefore, of the Qur'an as much as may be easy for you. He knoweth that there may be (some) among you in ill-health; others travelling through the land, seeking of Allah's bounty; yet others fighting in Allah's Cause, read ye, therefore, as much of the Qur'an as may be easy (for you); and establish regular Prayer and give regular Charity; and loan to Allah a Beautiful Loan. And whatever good ye send forth for your souls ye shall find it in Allah's Presence, - yea, better and greater, in Reward and seek ye the Grace of Allah: for Allah is Oft-Forgiving, Most Merciful. | |
| Surat AlHadeed Ayah 18 | Surat AlHadeed | 0.38 | 94 | Loan beauti, Beauti loan, Liber reward, Credit liber, Increas manifold, Manifold credit, Loan increas, Charity women, Women loan | إِنَّ الْمُصَّدِّقِينَ وَالْمُصَّدِّقَاتِ وَأَقْرَضُوا اللَّهَ قَرْضًا حَسَنًا يُضَاعَفُ لَهُمْ وَلَهُمْ أَجْرٌ كَرِيمٌ | For those who give in Charity, men and women, and loan to Allah a Beautiful Loan, it shall be increased manifold (to their credit), and they shall have (besides) a liberal reward. | |
| Surat AlTaghabun Ayah 17 | Surat AlTaghabun | 0.45 | 108 | Loan beauti, Beauti loan, Grant forgiv, Readi servic, Doubl credit, Loan doubl, Forgiv readi, Credit grant, Readi service, Service forbearing | إِنْ تُقْرِضُوا اللَّهَ قَرْضًا حَسَنًا يُضَاعِفْهُ لَكُمْ وَيَغْفِرْ لَكُمْ وَاللَّهُ شَكُورٌ حَلِيمٌ | If ye loan to Allah, a beautiful loan, He will double it to your (credit), and He will grant you Forgiveness: for Allah is most Ready to appreciate (service), Most Forbearing, - |
In Hadith Text Books
Loan In Sahih AlBukhari
nothing found
In Sahih Muslim
| Hadith Page | Arabic Text | English Translation | Book and Chapter |
|---|---|---|---|
| SahihMuslim-017-001-18314 | Abu Minhal reported: My partner sold silver to be paid in the Hajj season or in the days of Hajj. He my partner came to me and informed me; and I said to him: Such transaction is not desirable. He said: I sold it in the market on loan but nobody objected to this. I went to AlBara Bin Azib and asked him; and he said: Allah Apostle ﷺ came to Medina and we made such transaction; whereupon he said: In case the payment is made on the spot; there is no harm in it; and in case it is sold on loan; it is usury. You better go to Zaid Bin Arqam; for he is a greater trader than I; so I went to him and asked him; and he said like it. | The Chapter on Precious Metals Transactions in HodHood Indexing, Chapter on 16 in Sahih Muslim | |
| SahihMuslim-017-001-18351 | Abu Rafi reported that Allah Messenger ﷺ took from a man as a loan a young camel below six years. Then the camels of Sadaqa were brought to him. He ordered Abu Rafi to return to that person the young camel as a return of the loan. Abu Rafi returned to him and said: I did not find among them but better camels above the age of six. He the Holy Prophet said: Give that to him for the best men are those who are best in paying off the debt. | The Chapter on Alansar And Muhajirin in HodHood Indexing, Chapter on 22 in Sahih Muslim |
In Sunan AlTermithi
In Sunan AlNasai
| Hadith Page | Arabic Text | English Translation | Book and Chapter |
|---|---|---|---|
| SunanAlNasai-017-001-13226 | It was narrated that Imran Bin Hudaifah said: Maimunah used to take out loans frequently; and some of her family criticized her and denounced her for that. She said: I will not stop taking loans; for I heard my close friend and my beloved say: There is no one who takes out a loans; and Allah knows that he intends to pay it back; but Allah will pay it back for him in this world. | The Chapter on Financial Transactions And Loans in HodHood Indexing, Chapter on Leniency Concerning That in Sunan AlNasai | |
| SunanAlNasai-017-001-13227 | It was narrated from Ubaidullah Bin Abdullah Bin Utbah that Maimunah; the wife of the Prophet; took a loan; and it was said to her: O Mother of the Believers; why have you taken a loan when you do not have the means to pay if off? She said: I heard the Messenger of Allah say: Whoever takes a loan intending to pay it back; Allah; the Mighty and Sublime; will help him. | The Chapter on Financial Transactions And Loans in HodHood Indexing, Chapter on Leniency Concerning That in Sunan AlNasai |
In Sunan Abu Dawoud
| Hadith Page | Arabic Text | English Translation | Book and Chapter |
|---|---|---|---|
| SunanAbuDawoud-017-001-28323 | Narrated Sulamah bint Maaqil AlQasiyah: My uncle brought me to Medina in the pre-Islamic days. He sold me to AlHubab Ibn Amr; brother of AbulYusr Ibn Amr. I bore a child; Abdulrahman Ibn AlHubab; to him and he AlHubab then died. Thereupon his wife said: I swear by Allah; now you will be sold as a repayment for his loan. So I came to the Messenger of Allah ﷺ and said: Messenger of Allah! I am a woman of Banu Kharijah Qays Ibn Aylan. My uncle had brought me to Medina in pre-Islamic days. He sold me to AlHubab Ibn Amr; brother of AbulYusr Ibn Amr. I bore Abdulrahman Ibn AlHubab to him. His wife said: I swear by Allah; you will be sold for his loan. The Messenger of Allah ﷺ said: Who is the guardian of AlHubab? He was told: His brother; AbulYusr Ibn Amr. He then sent for him and said: Set her free; when you hear that some slaves have been brought to me; came to me; and I shall compensate you for her. She said: They set me free; and when some slaves were brought to the Messenger of Allah ﷺ ; he gave them a slave in compensation for me. | The Chapter on Financial Transaction And Lands in HodHood Indexing, Chapter on Manumission Of Ummhat AlAwlad in Sunan Abu Dawoud | |
| SunanAbuDawoud-017-001-28808 | Narrated Some people: Abd AlAziz Ibn Rufay narrated on the authority of some people from the descendants of Abdullah Ibn Safwan who reported the Messenger of Allah ﷺ as saying: Have you weapons; Safwan? He asked: On loan or by force? He replied: No; but on loan. So he lent him coats of mail numbering between thirty and forty! The Messenger of Allah ﷺ fought the battle of Hunayn. When the polytheists were defeated; the coats of mail of Safwan were collected. Some of them were lost. The Messenger of Allah ﷺ said to Safwan: We have lost some coats of mail from your coats of mail. Should we pay compensation to you? He replied: No. Messenger of Allah; for I have in my heart today what I did not have that day.Abu Dawud said: He lent him before embracing Islam. Then he embraced Islam. | The Chapter on Garments And Ablution in HodHood Indexing, Chapter on Regarding Liability For Something Borrowed in Sunan Abu Dawoud | |
| SunanAbuDawoud-017-001-28811 | Narrated Yala Ibn Umayah: The Messenger of Allah ﷺ said to me: When my messengers come to you; give them thirty coats of mail; and thirty camels. I asked: Messenger of Allah; is it a loan with a guarantee of its return; or a loan to be paid back? He replied : It is a loan to be paid back. | The Chapter on Financial Transactions And Gold in HodHood Indexing, Chapter on Regarding Liability For Something Borrowed in Sunan Abu Dawoud |
In Muwata Malik
| Hadith Page | Arabic Text | English Translation | Book and Chapter |
|---|---|---|---|
| MuwataMalik-017-001-34916 | Yahya said that he had heard Malik say; The undisputed way of doing things in our community concerning pledges is that in cases where land or a house or an animal are known to have been destroyed whilst in the possession of the broker of the pledge; and the circumstances of the loss are known; the loss is against the pledger. There is no deduction made from what is due to the broker at all. Any pledge which perishes in the possession of the broker and the circumstances of its loss are only known by his word; the loss is against the broker and he is liable for its value. He is asked to describe whatever was destroyed and then he is made to take an oath about that description and what he loaned on security for it. Then people of discernment evaluate the description. If the pledge was worth more than what the broker loaned; the pledger takes the extra. If the assessed value of the pledge is less than what he was loaned; the pledger is made to take an oath as to what the broker loaned and he does not have to pay the extra which the broker loaned above the assessed value of the pledge. If the pledger refuses to take an oath; he has to give the broker the extra above the assessed value of the pledge. If the broker says that he doesnt know the value of the pledge; the pledger is made to take an oath on the description of the pledge and that is his if he brings a matter which is not disapproved of. Malik said; All this applies when the broker takes the pledge and does not put it in the hands of another. | The Chapter on Oaths And Pledges And Loans in HodHood Indexing, The Book of The Evil Eye in Muwata Malik | |
| MuwataMalik-017-001-34918 | Yahya said that he heard Malik speak about someone who pledged goods as security for a loan; and they perished with the broker. The one who took out the loan confirmed its specification. They agreed on the amount of the loan; but challenged each other about the value of the pledge; the pledger saying that it had been worth twenty dinars; whilst the broker said that it had been worth only ten; and that the amount loaned on security was twenty dinars. Malik said; It is said to the one in whose hand the pledge is; describe it. If he describes it he is made to take an oath on it and then the people of experience evaluate that description. If the value is more than what was loaned on security for it; it is said to the broker; Return the rest of his due to the pledger. If the value is less than what was loaned on security for it; the broker takes the rest of his due from the pledger. If the value is the exact amount of the loan; the pledge is compensated for by the loan. Yahya said that he heard Malik say; What is done in our community about two men who have a dispute about an amount of money loaned on the security of a pledge - the pledger claiming that he pledged it for ten dinars and the broker insisting that he took the pledge as security for twenty dinars; and the pledge is clearly in the possession of the broker - is that the broker is made to take an oath when the value of the pledge is fully known. If the value of the pledge is exactly what he swore that he had loaned on security for it; the broker takes the pledge as his right. He is more entitled to take precedence with an oath since he has possession of the pledge. If the owner of the pledge wants to give him the amount which he swore that he was owed; he can take the pledge back. If the pledge is worth less than the twenty dinars he loaned; then it is said to the pledger; Either you give him what he has sworn to and take your pledge back; or you swear to what you said you pledged it for. If the pledger takes the oath; then what the broker has increased over the value of the pledge will become invalid. If the pledger does not take an oath; he must pay what the broker swore to. Malik said; If a pledge given on security for a loan perishes; and both parties deny each other rights; with the broker who is owed the loan saying that he gave twenty dinars; and the pledger who owes the loan saying that he was given only ten; and with the broker who is owed the loan saying the pledge was worth ten dinars; and the broker who owes the loan saying it was worth twenty; then the broker who is owed the loan is asked to describe the pledge. If he describes it; he must take an oath on its description. Then people with experience of it evaluate that description. If the value of the pledge is estimated to be more than what the broker claims it was; he takes an oath as to what he claimed; and the pledger is given what is over from the value of the pledge. If its value is less than what the broker claims of it; he is made to take an oath as to what he claims is his. Then he demands settlement according to the actual value of the pledge. The one who owes the loan is then made to take an oath on the extra amount which remains owing against him to the claimant after the price of the pledge is reached. That is because the broker becomes a claimant against the pledger. If he takes an oath; the rest of what the broker swore to of what he claimed above the value of the pledge is invalidated. If he draws back; he is bound to pay what remains due to the broker after the value of the pledge. | The Chapter on Oaths And Pledges And Loans in HodHood Indexing, The Book of The Evil Eye in Muwata Malik | |
| MuwataMalik-017-001-35001 | Malik said; When a man owes money to another man and he asks him to let it stay with him as a quirad; that is disapproved of until the creditor receives his property. Then he can make it a qirad loan or keep it. That is because the debtor may be in a tight situation; and want to delay it to increase it for him. Malik spoke about an investor who made a qirad loan to a man; and some of the principal was lost before he used it; and then he used it and made a profit. The agent wanted to make the principal the remainder of the money after what was lost from it. Malik said; His statement is not accepted; and the principal is made up to its original amount from his profit. Then they divide what remains after the principal has been repaid according to the conditions of the qirad. Malik said; Qirad loan is only good in gold or silver coin and it is never permitted in any kind of wares or goods or articles. Malik said; There are certain transactions which if a long span of time passes after the transaction takes place; its revocation becomes unacceptable. As for usury; there is never anything except its rejection whether it is a little or a lot. What is permitted in other than it is not permitted in it because Allah; the Blessed and the Exalted; said in His Book; If you repent; you have your capital back; not wronging and not wronged. 32.4 Conditions Permitted in Qirad | The Chapter on Financial Transactions And Profits in HodHood Indexing, The Book of Dress in Muwata Malik | |
| MuwataMalik-017-001-35002 | Yahya said that Malik spoke about an investor who made a qirad loan and stipulated to the agent that only certain goods should be bought with his money or he forbade certain goods which he named to be bought. He said; There is no harm in an investor making a condition on an agent in qirad not to buy a certain kind of animal or goods which he specifies. It is disapproved of for an investor to make as a condition on an agent in qirad that he only buy certain goods unless the goods which he orders him to buy are in plentiful supply and do not fail either in winter or summer. There is no harm in that case. Malik spoke about an investor who loaned qirad money and stipulated that something of the profit should be his alone without the agent sharing in it. He said; That is not good; even if it is only one dirham unless he stipulates that half the profit is his and half the profit is the agent or a third or a fourth or whatever. When he names a percentage; whether great or small; everything specified by that is halal. This is the qirad of the muslims. He said; It is also not good if the investor stipulates that one dirham or more of the profit is purely his; with out the agent sharing it and then what remains of the profit is to be divided in half between them. That is not the qirad of the Muslims. | The Chapter on Financial Transactions And Profits in HodHood Indexing, The Book of Dress in Muwata Malik | |
| MuwataMalik-017-001-35003 | Yahya said that Malik said; The person who puts up the principal must not stipulate that he has something of the profit alone without the agent sharing in it; nor must the agent stipulate that he has something of the profit alone without the investor sharing. In qirad; there is no sale; no rent; no work; no advance; and no convenience which one party specifies to himself without the other party sharing unless one party allows it to the other unconditionally as a favour and that is alright to both. Neither of the parties should make a condition over the other which increases him in gold or silver or food over the other party. He said; If any of that enters the qirad; it becomes hire; and hire is only good with known and fixed terms. The agent should not stipulate when he takes the principal that he repay or commission anyone with the goods; nor that he take any of them for himself. When there is a profit; and it is time to separate the capital; then they divide the profit according to the terms of the contract. If the principal does not increase or there is a loss; the agent does not have to make up for what he spent on himself or for the loss. That falls to the investor from the principal. Qirad is permitted upon whatever terms the investor and the agent make a mutual agreement; of half the profit; or a third or a fourth or whatever. Malik said; It is not permitted for the agent to stipulate that he use the qirad money for a certain number of years and that it not be taken from him during that time. He said; It is not good for the investor to stipulate that the qirad money should not be returned for a certain number of years which are specified; because the qirad is not for a term. The investor loans it to an agent to use for him. If it seems proper to either of them to abandon the project and the money is coin; and nothing has been bought with it; it can be abandoned; and the investor takes his money back. If it seems proper to the investor to take the qirad loan back after goods have been purchased with it; he cannot do so until the buyer has sold the goods and they have become money. If it seems proper to the agent to return the loan; and it has been turned to goods he cannot do so until he has sold them. He returns the loan in cash as he took it. Malik said; It is not good for the investor to stipulate that the agent pay any zakat due from his portion of the profit in particular; because the investor by stipulating that; stipulates fixed increase for himself from the profit because the portion of zakat he would be liable for by his portion of the profit; is removed from him. It is not permitted for the investor to stipulate to the agent to only buy from so-and-so; referring to a specific man. That is not permitted because by doing so he would become his hireling for a wage. Malik spoke about an investor in qirad who stipulated a guarantee for an amount of money from the agent; The investor is not permitted to stipulate conditions about his principal other than the conditions on which qirad is based or according to the precedent of the sunna of the Muslims. If the principal is increased by the condition of guarantee; the investor has increased his share of the profit because of the position of the guarantee. But the profit is only to be divided according to what it would have been had the loan been given without the guarantee. If the principal is destroyed; I do not think that the agent has a guarantee held against him because the stipulation of guarantees in qirad is null and void. Malik spoke about an investor who gave qirad money to a man and the man stipulated that he would only buy palms or animals with it because he sought to eat the dates or the offspring of the animals and he kept them for some time to use for himself. He said; That is not permitted. It is not the sunna of the Muslims in qirad unless he buys it and then sells it as other goods are sold. Malik said; There is no harm in the agent stipulating on the investor a slave to help him provided that the slave stands to gain along with him out of the investment; and when the slave only helps him with the investment; not with anything else. | The Chapter on Financial Transactions And Profits in HodHood Indexing, The Book of Dress in Muwata Malik | |
| MuwataMalik-017-001-35004 | Yahya said that Malik said; No one should make a qirad loan except in coin; because the loan must not be in wares; since loaning wares can only be worked in one of two ways: Either the owner of the wares says to the borrower; Take these wares and sell them. Buy and sell with the capital realized according to qirad. The investor stipulates increase for himself from the sale of his goods and what relieves him of expenses in selling it. Or else he says; Barter with these goods and sell. When you are through; buy for me the like of my goods which I gave you. If there is increase; it is between you and me. It may happen that the investor gives the goods to the agent at a time in which they are in demand and expensive; and then the agent returns them while they are cheap and he might have bought them for only a third of the original price or even less than that. The agent then has a profit of half the amount by which the price of the wares has decreased as his portion of the profit. Or he might take the wares at a time when their price is low; and make use of them until he has a lot of money. Then those wares become expensive and their price rises when he returns them; so he buys them for all that he has so that all his work and concern have been in vain. This is an uncertain transaction and is not good. If; however; that is not known until it has happened; then the wage an agent in qirad would be paid for selling that; is looked at and he is given it for his concern. Then the money is qirad from the day the money became cash and collected as coin and it is returned as a qirad like that. | The Chapter on Financial Transactions And Profits in HodHood Indexing, The Book of Dress in Muwata Malik | |
| MuwataMalik-017-001-35011 | Yahya said that Malik spoke about a man who loaned another man money and then the debtor asked him to leave it with him as a qirad. Malik said; I do not like that unless he takes his money back from him; and then pays it to him as a qirad if he wishes or if he wishes keep it. Malik spoke about an investor who paid a man qirad money and the man told him that it was collected with him and asked him to write it for him as a loan. He said; I do not like that unless he takes his money from him and then lends it to him or keeps it as he wishes. That is only out of fear that he has lost some of it; and wants to defer it so that he can make up what has been lost of it. That is disapproved of and is not permitted and it is not good. | The Chapter on Financial Transactions And Profits in HodHood Indexing, The Book of The Decree in Muwata Malik | |
| MuwataMalik-017-001-35116 | Malik related to me that Zayd Ibn Aslam said; Usury in the Aljahiliya was that a man would give a loan to a man for a set term. When the term was due; he would say; Will you pay it off or increase me? If the man paid; he took it. If not; he increased him in his debt and lengthened the term for him. Malik said; The disapproved of way of doing things about which there is no dispute among us; is that a man should give a loan to a man for a term; and then the demander reduce it and the one from whom it is demanded pay it in advance. To us that is like someone who delays repaying his debt after it is due to his creditor and his creditor increases his debt. Malik said; This is nothing else but usury. No doubt about it. Malik spoke about a man who loaned one hundred dinars to a man for two terms. When it was due; the person who owed the debt said to him; Sell me some goods; whose price is one hundred dinars in cash for one hundred and fifty on credit. Malik said; This transaction is not good; and the people of knowledge still forbid it. Malik said; This is disapproved of because the creditor himself gives the debtor the price of what the man sells him; and he defers repayment of the hundred of the first transaction for the debtor for the term which is mentioned to him in the second transaction; and the debtor increases him with fifty dinars for his deferring him. That is disapproved of and it is not good. It also resembles the hadith of Zayd Ibn Aslam about the transactions of the people of the Aljahiliya. When their debts were due; they said to the person with the debt; Either you pay in full or you increase it. If they paid; they took it; and if not they increased debtors in their debts; and extended the term for them. | The Chapter on Financial Transactions And Gold in HodHood Indexing, The Book of Blood Money in Muwata Malik | |
| MuwataMalik-017-001-35125 | And Malik related to me that he had heard that a man came to Abdullah Ibn Umar and said; Abu Abdulrahman I gave a man a loan and stipulated that he give me better than what I lent him. Abdullah Ibn Umar said; That is usury. Abdullah said; Loans are of three types: A free loan which you lend by which you desire the pleasure of Allah; and so you have the pleasure of Allah. A free loan which you lend by which you desire the pleasure of your companion; so you have the pleasure of your companion; and a free loan which you lend by which you take what is impure by what is pure; and that is usury. He said; What do you order me to do; Abu Abdulrahman He said; I think that you should tear up the agreement. If he gives you the like of what you lent him; accept it. If he gives you less than what you lent him; take it and you will be rewarded. If he gives you better than what you lent him; of his own good will; that is his gratitude to you and you have the wage of the period you gave him the loan. | The Chapter on Financial Transactions And Loans in HodHood Indexing, The Book of Blood Money in Muwata Malik |
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