It is narrated from Hazrat Buraidah (may Allah be pleased with him) that the Noble Prophet, peace and blessings be upon him, said: Whoever grants respite to a destitute (debtor), he will receive the reward of giving charity every day, and whoever grants respite after the appointed time has passed, he will receive the reward of giving in charity every day an amount equal to what he has lent.
Hadith Referenceمسند احمد / مسند الأنصار رضي الله عنهم / 22970
Hadith Gradingحکم دارالسلام:حديث صحيح، وهذا إسناد ضعيف جدا من أجل أبى داود الأعمى، وقد اختلف عليه فيه