The Meaning of "Flipping the Debt"
Machine translationRead the Arabic original
Question:
Abu Ja'bir from Riyadh asks and says: What is meant by "flipping the debt," since I am in need of it and I am indebted to some people?
Answer:
"Flipping the debt" is increasing it; this is the riba (usury or interest) of the pre-Islamic age of ignorance (jahiliyyah). It is said: either you pay it off, or you increase it. So when the debt comes due and he is unable to settle it, they increase it for him and extend the term a second time. This is the riba of the jahiliyyah, may Allah protect us from it. Yes.
The presenter:
May Allah reward you,
Abu Ja'bir from Riyadh asks and says: What is meant by "flipping the debt," since I am in need of it and I am indebted to some people?
Answer:
"Flipping the debt" is increasing it; this is the riba (usury or interest) of the pre-Islamic age of ignorance (jahiliyyah). It is said: either you pay it off, or you increase it. So when the debt comes due and he is unable to settle it, they increase it for him and extend the term a second time. This is the riba of the jahiliyyah, may Allah protect us from it. Yes.
The presenter:
May Allah reward you,
Source
قناة «مكة و المدينة»، 13 / فتاوى على الهواء - 20 04 1438هـ _ الشيخ صالح الفوزان — youtube.com (48:35)
The Arabic text is a machine transcription of the audio recording.