Debts and financial problems

Submitted by admin on Thu, 2015-02-12 06:44

Q: My husband and I are in a financial problems and with the result contacted companies that we deal with to pay them off slowly. The white companies seem to agree but unfortunately our Muslim so called "Friends " are the ones that went ahead with legal procedures with nothing to lose. What if I decide to round up the existing stock I have, sell out and cash up to help me live for the next few months. How will I pay them back?

A: If you are making a concerted effort to pay out your creditors then it is permissible.

And Allah Ta'ala (الله تعالى) knows best.

Answered by:

Mufti Ebrahim Salejee (Isipingo Beach)

Category:

Business and Dealings›Loans & Debts›Unsettled debts

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