If you owe someone money,and he/she is asking you to pay back, he is doing you a great favour.
The Messenger of Allah, peace and blessings of Allah be upon him, has said: “Whoever takes the money of people with the intention of repaying it, Allah will repay it on his behalf, and whoever takes it in order to spoil it, then Allah will spoil him.” [Reported by Al-Bukhari]
Borrowing and lending has serious consequences in Islam and debt is an otherworldy punishable offence – it may stop you from entering heaven. … ‘Islam takes the matter of debt very seriously and warns against it and urges you to avoid it as much as possible
If you realize the danger of debts and the mischief it may bring about, then you should consider that;
1- Being free from debt brings about happiness, freedom and peace of mind.
2- That because the Messenger of Allah, peace and blessings of Allah be upon him, has sought refuge with Allah from debt.
So it is worthy of the one who is in debt or the one that who is afraid of falling into being in debt to frequently invoke Allah by this invocation:
“O Allah, You alleviate debt and sin so alleviate them from me. O Allah, I seek refuge with You from the sins and from being in debt.”
- That It has been narrated in many Hadiths that the Prophet, peace and blessings of Allah be upon him, has abstained from praying the funeral prayer on him who was in debt and he says that whoever dies and has not paid off his debt, paying off will be from his good deeds in the Hereafter.[Narrated by Abu Dawud and authenticated by Al-Albani]