The ruling on reducing a debt to half on the condition of repayment within a specific period
Machine translationRead the Arabic original
The questioner:
Honorable Shaykh, may Allah grant you success. A questioner says: I lend some people certain amounts of money, and they delay in repaying it. So I reduce the loan for them to half, meaning I reduce their debt to half on the condition that they repay it within a specific period, otherwise this reduction ends. He asks: Is that permissible?
The Shaykh:
No, that is not permissible. Either you reduce it for them unconditionally, or you leave the debt as it is until they are able to repay it, and then they repay you.
The questioner:
Honorable Shaykh.
The Shaykh:
They were wealthy and had the means to repay, but they were stalling. You are complaining about them. Yes.
Honorable Shaykh, may Allah grant you success. A questioner says: I lend some people certain amounts of money, and they delay in repaying it. So I reduce the loan for them to half, meaning I reduce their debt to half on the condition that they repay it within a specific period, otherwise this reduction ends. He asks: Is that permissible?
The Shaykh:
No, that is not permissible. Either you reduce it for them unconditionally, or you leave the debt as it is until they are able to repay it, and then they repay you.
The questioner:
Honorable Shaykh.
The Shaykh:
They were wealthy and had the means to repay, but they were stalling. You are complaining about them. Yes.
Source
المنتقى من أخبار سيد المرسلين 18-07-1438هـ — af.org.sa (1:04:55)
The Arabic text is a machine transcription of the audio recording.