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What are the teachings of Islam on debts?

What are the teachings of Islam on debts?

Answers


joyce
-Debts should be recorded in writing
-Debts should be incurred within one’s capability
-Debts should be paid back without interest
-Debts should be incurred for lawful purposes
-Debts may be forfeited by the creditor if one is incapable of paying back
-A representative may be allowed to pay back one’s debts in case of death
-Terms of payment of debts should be dictated by the borrower
-Debts should be cleared promptly when payment date is due
-Debts should be certified by two reliable witnesses
joyce2 answered the question on October 31, 2017 at 15:39

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