Interest-Free Loans* [[---Episode Three---][

 *Interest-Free Loans*

[[---Episode Three---][
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بسم الله الرحمان الرحيم

The manner in which Islam encourages those who have enough wealth to give interest free loans to those who request it,, the same way Islam encourages the beneficiaries of the loan (ie - borrowers) to fulfill their promises of paying back ontime and in full.

Servants of Allah!

Anyone who collect someone else's money in the name of borrowing and refused to fulfill the promise of paying back ontime & in full, is a hypocrite (munafeek).

Evidence:

Abu Huraira (ra) reported: The prophet (saw) said, *“Among the signs of a hypocrite are three, even if he fasts and prays and claims to be a Muslim: when he speaks he lies, when he gives a promise he breaks it, and when he is trusted he betrays.”* 📚Source: S‌ah‌i‌h‌ al-Bukha‌ri‌ 33, S‌ah‌i‌h‌ Muslim 59

Although,

When it comes to payment date but the borrower is short of money and asks for some time, if the lenders give him times, then, for ever each day the payment is delayed, the lender will get the reward of giving sadaqah.

Meaning,

When somebody gives loan of say - 100dollars and the due date has come but the debtor asks for time because he is in difficulty. If creditor gives him time he will get reward for sadaqah of same amount (100dollars) every day - for all the days extended.

Evidence:

The Prophet (saw) said: “Whoever gives respite to one in difficulty, he will have (the reward of) an act of charity for each day. Whoever gives him respite after payment becomes due, will have (the reward of) an act of charity equal to (the amount of the loan) for each day.” – 📚Ibn Majah

Now,

*What are the returns of investment of lending (in terms of rewards & benefits) the lender grab?*

*Benefit Number 1:* It is one of the Recommended Act:

Lending money to others is considerably one of the most recommended act in Islam. The Prophet (saw) said: *"For those who are wealthy enough, they better give loans to anyone in need for it"*.

Still on this,

Giving loan may increase rewards in multiple stages. Yes. If somebody gives a thousand Dollars as a loan and debtor returns it a week later and then asks for another thousand Dollars, lender gives that and the debtor returns it a month later, Allah (swt), would reward him as if he has given a sadaqah of thousand Dollars but the two thousand Dollars are in his pocket😃. So it is approximately 50% returnable investment.

Evidence:

The Prophet (pbuh) said: *“There is no Muslim who lends something to another Muslim twice, but it will be like giving charity once.”* (Sunan Ibn Majah: 2430)

*Benefit Number 2:* Investing with Allah

The best business a Muslim could build is investing with Allah (swt). There is no bankruptcy, and no risk because.......

TO BE CONTINUED


سبحانك اللهم وبحمدك نشهد ان لا اله الا انت نستغفرك ونتوابوااليك