AAOIFI Shariah Standards
Insolvency: Appendix B - The Shariah Basis for the Standard
The basis for prohibiting a person overwhelmed by debts from disposals that harm the creditors is the Hadith, “Allah will pay (the debts of) a person who takes the wealth of others with the intention of repaying it. But the one who takes it with the intention of destroying it, Allah will destroy him”.
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