Be generous with your money; Try your best not take advantage of people who are in need or owe you money; Reduce debts if possible; Ask only what is fair and reasonable; Show compassion towards those who owe you money; Be kind when dealing with others regarding financial matters.

This hadith is about the importance of reducing debts. It was narrated by Abdullah bin Ka’b bin Malik Al-Ansari from Ka’b bin Malik that Abdullah ibn Abi Hadrad Al-Aslami owed him some debt. When they met, their voices grew loudest and the Prophet Muhammad ﷺ passed by them and addressed Ka’b, pointing out to him to reduce the debt to one half. So, in response, Ka’b got one half of the debt and exempted the debtor from paying back the other half. This hadith teaches us that it is important for us to be generous with our money and not burden people with too much debt as it can be difficult for them to pay back. We should also try our best not take advantage of people who are in need or owe us money by asking for more than what they can afford or what is fair.