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


Next: State the problems faced by Muslims traders in carrying out their day to day activities in Kenya .
Previous: Give seven duties of a mother in a Muslim family.

View More Islamic Religious Education Questions and Answers | Return to Questions Index


Exams With Marking Schemes

Related Questions