Hazrat Umar Bin Shoiab reported from his father who reported from his father that Rasool Allah salla allahu ta’ala’alayhi wa sallam said,”Whoever recited “Subhan Allah” 100 times in the morning & evening, it will be like he had performed 100 Hajj.And whoever recited “Allhamdo Lillah” 100 times in the morning & 100 times in the evening it will be like he gave 100 horses as charity in the path of Allah ta’ala.He who recited “La Ilaha Illal Laah” 100 times in the morning & 100 time in the evening it will be like he has freed 100 Slaves from amongst the children of Hazrat Ismail alaihis salaam.He who recited “Allah O Akbar” 100 times in the morning & 100 times in the evening, then no-one will be able to do more good deeds than him on that day, other than he who recited the same amount or more.”(Mishkaat, Vol2, page 346)


Debt implies want and all creatures including men are in want of something or the other. Man should extend his helping hand to his brother who is in want, irrespective of his seeking it or not.

This may be done in two ways: Loan with condition of repayment or gratuitous loan without any compensation, or gift. Islam, however, does not recognize loan with interest. It recognizes only gratuitous loan called “Qarz-e-Hasanah”. The Holy Quraan and Hadith speak of great merits in Qarz-e-Hasanah. It is a loan without compensation or interest for benefit of the debtor. The Holy Quraan says: “If you offer to Allah a gratuitous loan, He will double it for you and forgive you.” (64:17) “Surely (those who) extend a gratuitous loan to Allah, it shall be doubled for them, and they shall have a noble reward”. (57:18) “Who is there that will extend to Allah a good loan, that He may double it for him, and he may have an excellent reward?” (57) “Who is it that will offer to Allah a good loan, so He will multiply it to him manifold? And Allah straitens and amplifies, and to Him you will return.” (2:245)

Islam lays special emphasis against indebtedness of men in general and Muslims in particular. The principle is applicable to all nations and states.

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