What is the ruling on not engaging in trade credit or lending?
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Question:
Because of the many problems I hear about that arise from people not repaying their debts, I have stopped extending credit to anyone or lending to them. Is my action correct?
Answer:
Answer: As for trade credit, there is no blame on you if you refrain from it out of fear. As for lending, this is a good deed, so do not deprive yourself of it; however, you do not lend to everyone, but only to those whom you are confident will repay you.
Because of the many problems I hear about that arise from people not repaying their debts, I have stopped extending credit to anyone or lending to them. Is my action correct?
Answer:
Answer: As for trade credit, there is no blame on you if you refrain from it out of fear. As for lending, this is a good deed, so do not deprive yourself of it; however, you do not lend to everyone, but only to those whom you are confident will repay you.
Source
www.alfawzan.af.org.sa
The Arabic text is copied verbatim from the original source, without any edits.