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Sunan Abi Dawud 3355 (Book 23, Hadith 30) #23645
Paying Debts at the Current Rate

SUMMARY: The hadith is about the importance of paying debts at the current rate.

The tradition mentioned above has also been transmitted by Simak (b. Harb) with a different chain of narrators and to the same effect. The first version is more perfect. It does not mention the words "at the current rate".
حَدَّثَنَا حُسَيْنُ بْنُ الأَسْوَدِ، حَدَّثَنَا عُبَيْدُ اللَّهِ، أَخْبَرَنَا إِسْرَائِيلُ، عَنْ سِمَاكٍ، بِإِسْنَادِهِ وَمَعْنَاهُ وَالأَوَّلُ أَتَمُّ لَمْ يَذْكُرْ ‏ "‏ بِسِعْرِ يَوْمِهَا

TOPICS
debt  *  payment  *  rate  *  qarz  *  tahmil  *  alhaqiqi

QUICK LESSONS:
Pay off debts in a timely manner and at the current rate
EXPLANATIONS:
This hadith emphasizes the importance of paying off one's debts in a timely manner and at the current rate. It is important to pay back what one owes, as it is a sign of trustworthiness and responsibility. Not only does this show respect for those who have lent money, but it also shows that one can be trusted with money and other resources. Furthermore, this hadith teaches us to be honest in our dealings with others and to not take advantage of them by delaying payments or offering less than what was agreed upon initially.

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