This website uses cookies to improve services, analyse traffic to our site, deliver content and provide tailored ads. By using this site, you agree to this use. See our Cookie Policy.

Surety

lbn ‘Abbas reported that a person chased his debtor who owed him ten dinars in the days of the Messenger of Allah (Sall Allah-o-alaihe wa sallam). He (the debtor) said: “1 do not have anything to repay your debt.” He (the creditor) said: “By God’. I shall not leave you until you pay-back my debt or you bring some surety.” He (the creditor) then dragged him (the debtor) to the Holy Prophet (may’ peace be upon him). The Holy Prophet (Sall Allah-o-alaihe wa sallam) said (to the creditor): “How much respite will you extend to him?” He (the creditor) said: “One month.” The Messenger of Allah (Sall Allah-o-alaihe wa sallam) said: “I am surety for him (the debtor).” The debtor arrived on the date appointed by the Holy Prophet (Sall Allah-o-alaihe wa sallam) and brought the money. Then the Holy Prophet (Sall Allah-o-alaihe wa sallam) asked him (the debtor): “Wherefrom did you get this money?” He (the debtor) said: “I got it from a mine.” He (the Holy Prophet) said: “There is no good in it (as the money might belong to some one else).” Then he (the Holy Prophet) himself made the payment.           

Ibn Abu Qatada reported that a bier was brought to the Holy Prophet (Sall Allah-o-alaihe wa sallam) so that he (the Holy Prophet) might pray over it. He (the Holy Prophet) said: “Pray over your companion for he is a debtor.” On this Abu Qatada said: “I stand surety on the payment of his debt.” The Holy Prophet (Sall Allah-o-alaihe wa sallam) asked (from Abu Qatada): “Will you pay the debt in full?” He (Abu Qatada) said: “Yes, in full.” He (the dead person) owed eighteen or nineteen dirhams.


Get access to 100+ modules today and learn from expert trainers...


 

Source: Economic Teachings of Prophet Muhammad (peace be upon him): A Select Anthology of Hadith Literature on Economics, Muhammad Akram Khan. Republished with permission.