I have a lot of business debts that are connected to the market but the debts are so much that it is impossible to pay them off ifcurrent market conditions continue, and I cannot find any way to pay them off. What should I do?
Praise be to Allaah.We ask Allaah to relieve your distress and to payoff your debts, and to bless you from His bounty. There follows some advice which we hope will be of help to you.
Firstly: Be patient, and strive to free yourself from the situation you are in by seeking permissible ways of earning money from which you may make some profit and make up for your losses and payoff your debts.
There are many means of earning money. A man may start with something small then it is blessed. We have seen this happen in real life.
Secondly: Reduce your spending on yourself, and remember that your creditors are more entitled to anything that is surplus to your basic needs. Do not be heedless about the matter of debt, and do not be extravagant in your spending. Do not let despair cause you to forget it or to fall short in looking for a way out.
Thirdly: Ask the creditors to be easygoing with you, and tell them that you are unable to pay it off, and ask them to give you more time. This is better for you than trying to avoid them or procrastinating, which will only make them angry with you.
Straighten Your Relationship
Fourthly: Set straight the relationship between you and Allaah, may He be exalted, and He will set straight the relationship between you and other people. Allaah has promised those who obey Him that He will give them more of His bounty, as He says: "Whoever works –righteousness whether male or female. while he (or she) is a true believer (of Islamic Monotheism) 'verily, to him We will give a good life (in this world with respect, contentment and lawful provision), and We shall pay them certainly a reward in proportion to the best of what they used to do (i.e. Paradise in the Hereafter)"(Q 16[al-NahI]:97)
Also, Allaah says;' "And whosoever fears Allaah and keeps his duty to Him, He will make a way for him to get out (from every difficulty). And He will provide him from (sources) he never could imagine. And whosoever puts his trust in Allaah, then He will suffice him. Verily, Allaah will accomplish his purpose.
Indeed Allaah has set a measure for all things" (Q65 [al-Talaaq]:2-3) And He says: "I said (to them): 'Ask forgiveness from your Lord, verily, He is Oft Forgiving; He will send rain to you in abundance, and give you increase in wealth and children, and bestow on you .gardens and bestow on you rivers. '"(Q 7I [Nooh]: 10-12) So pray a great deal for forgiveness, and repent and do righteous deeds, for the Mercy of Allaah is close to those who do good.
Turn To Allaah
Fifthly: If you took out these loans intending to pay them back, then you must think positively of Allaah and trust that He will enable you to pay them off. The Prophet (sallallaahu alayhi wa sallam) said: "Whoever takes people's wealth intending to pay it back, Allaah will enable him to pay it back." (Bukhari) He also said: "Allaah will be with the borrower until he pays off his debt, so long as it (the loan) is riot for something that Allaah dislikes."(Saheeh Ibn Maajah).
Sixthly: Turn to Allaah in supplication (du'aa'), and be certain of receiving a response, for whoever persists in knocking at the door will soon have it opened for him. Choose the times when du'aa's are answered, such as the last third of the night, after 'Asr on Friday, between the adhaan and iqaamoh when travelling, and when breaking one's fast. There follow some du'aa's that are appropriate for your situation.
Ali (RA) narrated that a mukaatib (slave who had entered into a contract of manumission) came to him and said: "I am unable to payoff my manumission; help me." He said: "Shall I not tell you some words which the Messenger of Allaah (sallallaahu alayhi wa sallam) taught me? And if you have debt like the mountain of Seer, Allaah will pay it off for you.
He said: 'Say: Allaahumma akfini bi halaalika 'an haraamika wa aghnini bi fadlika 'amman siwaaka (O Allaah, suffice me with what. You have permitted so that that I have no need of that which You have forbidden, and make me independent of means by Your bounty so that I have no need of anyone besides You).'" (Saheeh al-Tirmidhi)
Anas ibn Maalik (RA) said: The Messenger of Allaah (sallallaahu alayhi wa sallam) said to Mu'aadh (RA): "Shall I not teach you a du'aa' which you may say even if you have debt like Mount Uhud, so that Allaah might pay it off for you? Say, O Mu'aadh: Allaahumma Maalik al-rnulk, tu'ti almulk man tasha' wa tanzi' al-mulk mimman tasha', wa tu'izzu man tasha' wa tudhilul man tasha', bi yadika alkhayr, innaka 'ala kulli shay'in qadeer, Rahmaan al-dunya wa'l-aakhirah wa raheemahuma, tu'teeyahuma man tasha' wa tamna' minhuma man tasha', arhamni rahmatan taghnini biha 'an rahmati man siwaaka.
(O Allaah, Sovereign of all, You give dominion to whomsoever You will and You take dominion away from whomsoever You will, You exalt whomsoever You will and You bring low whomsoever You will. In Your hand is all goodness and You are able to do all things. Most Merciful and Most compassionate in this world and In the Hereafter, You give them to whomsoever You will and withhold them from whomsoever You will. Bestow mercy upon Me in such a manner that I have no need of the mercy of anyone but You).'" (Saheeh al-Targheeb wa'I-Tarheeb).
Abd-Allaah ibn Mas'ood (RA) said: The Messenger of Allaah (sallallaahu alayhi wa sallam) said: "If a person who is afflicted by anxiety or sorrow says: Allaahumma inni 'abduka wa ibnu 'abdika wa ibn ammatika naasiyati bi yadika maadin (lyya hukmuka 'adlun fiyya qadaa'uka as'aluka bi kulli ismin huwa laka sammayta bihi nafsaka aw 'allamtahu ahadan min khalqika aw anzaltahu fi kitaabika aw asta'tharta bihi fi 'i1m i1-ghaybi 'indaka an taj'al al-Qur'aana rabee'a qalbi wa noora sadri wajalaa'a huzni wa dhahaaba hammi (O Allaah, I am Your slave, son of Your slave, son of Your female slave, my forelock is in Your hand, Your command over me is forever executed and Your decree over me is just. I ask You by every name belonging to You with which You have named Yourself, or You have taught to any of Your creation, or You have revealed in Your Book, or You have preserved in the knowledge of the Unseen with You, that You make the Qur'aan the life of my heart and the light of my breast, and a departure for my sorrow and a release for my anxiety)', Then Allaah will take away his anxiety and sorrow, and will replace it with joy." It was said: "O Messenger of Allaah, should we not learn it?" He said: ''Yes, whoever hears it should learn it." (Saheeh al-Targheeb wa'I-Tarheeb).
help us and you to do that which He loves and which pleases Him. And Allaah knows best.
Answered by Shaykh Muhammad ibn Saalih al-'Munajjid (www.islamqa.com)
This article was culled from the publications of Deen Communication Limited