Dealing with Debt

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Question:

Assalaamu ‘alaikum

I am in permanent employment. My husband is not working due to his health. I’m currently in a lot of debt, paying for loans and paying a lot of interest.

Please advise me as to where I can obtain an interest-free loan to free all this debt, as it is very stressful for me.

Jazaakallah

Answer:

Bismihi Ta‘ala

Wa ‘alaikumus salaam wa rahmatullahi wa barkaatuh

Respected Sister in Islam

The following are some options you can consider:

1. Approach any reliable and upright relative or friend who may be able to lend you some money. Deposit any valuables you may have (such as jewellery, etc.) with them as security. Settle the interest loans immediately and pay your relatives or friends in installments.

2. Sell off all valuables and non-essential items and clear the debts immediately. The intention must be to remove the curse of interest. Insha-Allah, Allah Ta‘ala will bless you with barakah (blessings) and you will be blessed with much more later.

In any case, you should daily repent and make much istighfaar for having entered into an interest transaction.

Also recite the following du‘aa 7 times after every salaah

اللَّهُمَّ اكْفِنَا بِحَلالِكَ عَنْ حَرَامِكَ ، وَأَغْنِنَا بِفَضْلِكَ عَمَّنْ سِوَاكَ

May Allah Ta‘ala assist you and remove all your debts with ease.

Answered by:

Uswatul Muslimah Panel of ‘Ulama