Prophetic guidance on debt incurrence (al-Istiqrāḍ) in al-Ṣaḥīḥayn

Debt is sometimes viewed unfavourably in religious contexts, primarily due to the cautions, admonitions, and potential repercussions that accompany it. However, historical records reveal that the Prophet Muhammad (PBUH) and his Companions engaged in debt transactions under certain circumstances. Th...

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Main Authors: Abdullah, Nurul Aqilah, Mohd Marzuki, Zunaidah
Format: Article
Language:English
Published: USIM PRESS 2024
Subjects:
Online Access:http://irep.iium.edu.my/116440/7/116440_Prophetic%20guidance%20on%20debt.pdf
http://irep.iium.edu.my/116440/
https://journalofhadith.usim.edu.my/index.php/johs
https://doi.org/10.33102/johs.v9i2.323
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spelling my.iium.irep.1164402024-12-10T04:29:52Z http://irep.iium.edu.my/116440/ Prophetic guidance on debt incurrence (al-Istiqrāḍ) in al-Ṣaḥīḥayn Abdullah, Nurul Aqilah Mohd Marzuki, Zunaidah BP135 Hadith literature. Traditions. Sunna BPH Islamic Economics BPK Islamic law. Shari'ah. Fiqh Debt is sometimes viewed unfavourably in religious contexts, primarily due to the cautions, admonitions, and potential repercussions that accompany it. However, historical records reveal that the Prophet Muhammad (PBUH) and his Companions engaged in debt transactions under certain circumstances. This study aims to explore Prophetic guidance on managing debt incurrence (al-Istiqrāḍ), drawing from authentic Hadith sources, primarily Ṣaḥīḥ al-Bukhārī and Ṣaḥīḥ Muslim. Through a content analysis of these hadith collections, this research identifies and examines thematic analysis related to debt incurrence and proposes four guiding principles observed in Prophetic debt practices: the permissibility of credit transactions, the allowance of borrowing from non-Muslims, the provision of collateral as a guarantee for repayment, and a general discouragement of debt incurrence. These principles, grounded in Prophetic tradition, offer a nuanced perspective on debt, suggesting both ethical guidelines and practical considerations for financial transactions within an Islamic framework. USIM PRESS 2024-12-01 Article PeerReviewed application/pdf en http://irep.iium.edu.my/116440/7/116440_Prophetic%20guidance%20on%20debt.pdf Abdullah, Nurul Aqilah and Mohd Marzuki, Zunaidah (2024) Prophetic guidance on debt incurrence (al-Istiqrāḍ) in al-Ṣaḥīḥayn. Journal of Hadith Studies, 9 (2). pp. 173-182. E-ISSN 2550-1488 https://journalofhadith.usim.edu.my/index.php/johs https://doi.org/10.33102/johs.v9i2.323
institution Universiti Islam Antarabangsa Malaysia
building IIUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider International Islamic University Malaysia
content_source IIUM Repository (IREP)
url_provider http://irep.iium.edu.my/
language English
topic BP135 Hadith literature. Traditions. Sunna
BPH Islamic Economics
BPK Islamic law. Shari'ah. Fiqh
spellingShingle BP135 Hadith literature. Traditions. Sunna
BPH Islamic Economics
BPK Islamic law. Shari'ah. Fiqh
Abdullah, Nurul Aqilah
Mohd Marzuki, Zunaidah
Prophetic guidance on debt incurrence (al-Istiqrāḍ) in al-Ṣaḥīḥayn
description Debt is sometimes viewed unfavourably in religious contexts, primarily due to the cautions, admonitions, and potential repercussions that accompany it. However, historical records reveal that the Prophet Muhammad (PBUH) and his Companions engaged in debt transactions under certain circumstances. This study aims to explore Prophetic guidance on managing debt incurrence (al-Istiqrāḍ), drawing from authentic Hadith sources, primarily Ṣaḥīḥ al-Bukhārī and Ṣaḥīḥ Muslim. Through a content analysis of these hadith collections, this research identifies and examines thematic analysis related to debt incurrence and proposes four guiding principles observed in Prophetic debt practices: the permissibility of credit transactions, the allowance of borrowing from non-Muslims, the provision of collateral as a guarantee for repayment, and a general discouragement of debt incurrence. These principles, grounded in Prophetic tradition, offer a nuanced perspective on debt, suggesting both ethical guidelines and practical considerations for financial transactions within an Islamic framework.
format Article
author Abdullah, Nurul Aqilah
Mohd Marzuki, Zunaidah
author_facet Abdullah, Nurul Aqilah
Mohd Marzuki, Zunaidah
author_sort Abdullah, Nurul Aqilah
title Prophetic guidance on debt incurrence (al-Istiqrāḍ) in al-Ṣaḥīḥayn
title_short Prophetic guidance on debt incurrence (al-Istiqrāḍ) in al-Ṣaḥīḥayn
title_full Prophetic guidance on debt incurrence (al-Istiqrāḍ) in al-Ṣaḥīḥayn
title_fullStr Prophetic guidance on debt incurrence (al-Istiqrāḍ) in al-Ṣaḥīḥayn
title_full_unstemmed Prophetic guidance on debt incurrence (al-Istiqrāḍ) in al-Ṣaḥīḥayn
title_sort prophetic guidance on debt incurrence (al-istiqrāḍ) in al-ṣaḥīḥayn
publisher USIM PRESS
publishDate 2024
url http://irep.iium.edu.my/116440/7/116440_Prophetic%20guidance%20on%20debt.pdf
http://irep.iium.edu.my/116440/
https://journalofhadith.usim.edu.my/index.php/johs
https://doi.org/10.33102/johs.v9i2.323
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