Deferred Debt and Loans: Is a Loan Permitted to Be Deferred?

Question:
He says: Honorable Shaykh, may Allah grant you success. We previously studied in the *Mataan al-Zaad* that a debt is due immediately, even if it is deferred. Today, it was mentioned that a deferred debt is not due immediately.

Answer:
And it is due immediately, even if it is deferred. So it is not due immediately, even if deferred; a deferred debt is deferred. This is a specific phrase, not a general one for all debts. However, a loan is due immediately, even if it is deferred. A loan is that which does not accept deferral; it is due immediately, even if deferred. As for the price of sales, it accepts deferral.