Ubaid Abu Salih said: I sold my cloth to the people of Dar Nakhlah (a place between Makkah and Taif) on a promise. When I was about to go to Kufa, those people said: If you reduce the price a little, we will pay you your money right now. I related this to Sayyiduna Zayd bin Thabit (may Allah be pleased with him), and he said: I do not permit you to eat or feed from that money.
Hadith Referenceموطا امام مالك رواية يحييٰ / كتاب البيوع / 1379
A person asked Sayyiduna Abdullah bin Umar (may Allah be pleased with them both): If someone has a fixed-term debt upon another, and the debtor says, "Take a lesser amount from me in cash," and the creditor agrees to it? So Sayyiduna Abdullah bin Umar (may Allah be pleased with them both) considered this disliked and forbade it.
Hadith Referenceموطا امام مالك رواية يحييٰ / كتاب البيوع / 1380
Imam Malik, may Allah have mercy on him, said: In our view, there is no difference of opinion regarding the dislike of this matter. If a person has a deferred loan upon someone, and the creditor reduces the debt and the debtor pays in cash, this is exactly like when, after the term has passed, the creditor extends the term and the debtor increases the debt; this is absolutely usury, there is no doubt about it.
Imam Malik, may Allah have mercy on him, said that if a person owes another person one hundred dinars on a fixed term, and when the term passes, the debtor says to the creditor: "Sell me something worth one hundred dinars for one hundred and fifty dinars on a deferred term," this sale is not valid, and the people of knowledge have always prohibited this.
Imam Malik, may Allah have mercy on him, said: This is because the creditor has received the price of his item, one hundred dinars, and the term of the one hundred dinars that were a loan has been extended, in exchange for fifty dinars, from which he gains benefit in selling that item. This sale is similar to what Zayd bin Aslam narrated, that in the time of ignorance, when the term of a loan would expire, the creditor would say to the debtor: either pay the loan or give interest. If he paid, he would take it; if not, he would extend the term and increase the loan.
Hazrat Zaid bin Aslam said: In the days of ignorance, usury was practiced in this way: when a person's fixed-term loan became due upon another person, and the term expired, the creditor would say to the debtor: Either pay the loan or give interest. If he paid the loan, it was good; if not, the creditor would increase his loan and then set a new term.
Hadith Referenceموطا امام مالك رواية يحييٰ / كتاب البيوع / 1381
Hazrat Zaid bin Aslam said: In the days of ignorance, usury was practiced in this way: when a person's fixed-term loan became due upon another person, and the term expired, the creditor would say to the debtor: Either pay the loan or give interest. If he paid the loan, it was good; if not, the creditor would increase his loan and then set a new term.
Imam Malik, may Allah have mercy on him, said that if a person owes another person one hundred dinars on a fixed term, and when the term passes, the debtor says to the creditor: "Sell me something worth one hundred dinars for one hundred and fifty dinars on a deferred term," this sale is not valid, and the people of knowledge have always prohibited this.
Imam Malik, may Allah have mercy on him, said: This is because the creditor has received the price of his item, one hundred dinars, and the term of the one hundred dinars that were a loan has been extended, in exchange for fifty dinars, from which he gains benefit in selling that item. This sale is similar to what Zayd bin Aslam narrated, that in the time of ignorance, when the term of a loan would expire, the creditor would say to the debtor: either pay the loan or give interest. If he paid, he would take it; if not, he would extend the term and increase the loan.
Imam Malik, may Allah have mercy on him, said: In our view, there is no difference of opinion regarding the dislike of this matter. If a person has a deferred loan upon someone, and the creditor reduces the debt and the debtor pays in cash, this is exactly like when, after the term has passed, the creditor extends the term and the debtor increases the debt; this is absolutely usury, there is no doubt about it.
Hadith Referenceموطا امام مالك رواية يحييٰ / كتاب البيوع / 1381
Hazrat Zaid bin Aslam said: In the days of ignorance, usury was practiced in this way: when a person's fixed-term loan became due upon another person, and the term expired, the creditor would say to the debtor: Either pay the loan or give interest. If he paid the loan, it was good; if not, the creditor would increase his loan and then set a new term.
Imam Malik, may Allah have mercy on him, said: In our view, there is no difference of opinion regarding the dislike of this matter. If a person has a deferred loan upon someone, and the creditor reduces the debt and the debtor pays in cash, this is exactly like when, after the term has passed, the creditor extends the term and the debtor increases the debt; this is absolutely usury, there is no doubt about it.
Imam Malik, may Allah have mercy on him, said: This is because the creditor has received the price of his item, one hundred dinars, and the term of the one hundred dinars that were a loan has been extended, in exchange for fifty dinars, from which he gains benefit in selling that item. This sale is similar to what Zayd bin Aslam narrated, that in the time of ignorance, when the term of a loan would expire, the creditor would say to the debtor: either pay the loan or give interest. If he paid, he would take it; if not, he would extend the term and increase the loan.
Imam Malik, may Allah have mercy on him, said that if a person owes another person one hundred dinars on a fixed term, and when the term passes, the debtor says to the creditor: "Sell me something worth one hundred dinars for one hundred and fifty dinars on a deferred term," this sale is not valid, and the people of knowledge have always prohibited this.
Hadith Referenceموطا امام مالك رواية يحييٰ / كتاب البيوع / 1381
Hazrat Zaid bin Aslam said: In the days of ignorance, usury was practiced in this way: when a person's fixed-term loan became due upon another person, and the term expired, the creditor would say to the debtor: Either pay the loan or give interest. If he paid the loan, it was good; if not, the creditor would increase his loan and then set a new term.
Imam Malik, may Allah have mercy on him, said: In our view, there is no difference of opinion regarding the dislike of this matter. If a person has a deferred loan upon someone, and the creditor reduces the debt and the debtor pays in cash, this is exactly like when, after the term has passed, the creditor extends the term and the debtor increases the debt; this is absolutely usury, there is no doubt about it.
Imam Malik, may Allah have mercy on him, said that if a person owes another person one hundred dinars on a fixed term, and when the term passes, the debtor says to the creditor: "Sell me something worth one hundred dinars for one hundred and fifty dinars on a deferred term," this sale is not valid, and the people of knowledge have always prohibited this.
Imam Malik, may Allah have mercy on him, said: This is because the creditor has received the price of his item, one hundred dinars, and the term of the one hundred dinars that were a loan has been extended, in exchange for fifty dinars, from which he gains benefit in selling that item. This sale is similar to what Zayd bin Aslam narrated, that in the time of ignorance, when the term of a loan would expire, the creditor would say to the debtor: either pay the loan or give interest. If he paid, he would take it; if not, he would extend the term and increase the loan.
Hadith Referenceموطا امام مالك رواية يحييٰ / كتاب البيوع / 1381