Hadith About Bankruptcy

What are hadiths about bankruptcy? Examples of hadiths about bankruptcy...

Abu Saʿid al-Khudri (ra) said, “A man at the time of the Messenger of Allah (saw) fell into dire straits when the fruit that he purchased while it was still on the tree met with disaster and his debts mounted. When the Messenger of Allah (saw) said, ‘Donate something to him!’ people gave him alms (ṣadaqa). But this was not enough to pay his debts. Therefore the Messenger of Allah (saw) said to his creditors, ‘Take what you find! There is nothing else that you can take.’” (Muslim, al-Musaqat, 18)

According to Abu Hurayra (ra), the Prophet (saw) said, “If one goes bankrupt and someone discovers that he has the equivalent of his debt in moveable property, then that person (the creditor) has a greater right to it (than others).” (Muslim, al-Musaqat, 24)

According to Abu Hurayra (ra), one day the Messenger of Allah (saw) asked, “Do you know who is one who is bankrupt?” This Companions (ra) said, “In our opinion, a bankrupt person is one who has no money or property.” Thereupon the Prophet (saw) said, “The truly bankrupt of my umma would be one who would come on the Day of Judgement with prayer, fasting, and zakat. And at the same time he will have cursed this one, slandered that one, consumed the wealth of this one, shed the blood of that one, and beaten this one. So his good deeds would be credited to the account of those (who suffered at his hand). If his good deeds fall short in clearing their account, their sins would be entered in his account and he would be thrown in the Fire.”(M6579, Muslim, al-Birr, 59)

Source: Presidency Of Religious Affairs The Turkey, Islam Through Hadiths

Hadith About Gambling

Hadith About Gambling

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