Whoever is pleased to be saved by Allah from the agonies of the Day of Judgment, let him give the insolvent respite or grant him remission

Explanation

Abu Qatādah al-Ansāri (may Allah be pleased with him) was searching for his debtor, who was hiding from him. When he found him, the debtor said: I am insolvent, and I have no money to repay your debt. Abu Qatādah (may Allah be pleased with him) asked him to swear by Allah that he had no money, and the man swore by Allah that he was telling the truth. Thereupon, Abu Qatādah (may Allah be pleased with him) said that he heard the Prophet (may Allah's peace and blessings be upon him) say: Whoever is pleased and delighted to be saved by Allah from the agonies, tribulations, and horrors of the Day of Judgment, let him give an insolvent person respite by postponing or delaying the demand of payment or by reducing the debt or canceling it.

Benefits

• It is recommended to give the insolvent respite until it is easy for him to repay the debt or grant him full or partial remission.
• Whoever relieves a believer of a distress of this life, Allah will relieve him of a distress on the Day of Judgment, as indeed, one reaps what he sows.
• Rule: Obligatory acts are better than supererogatory ones. However, sometimes the supererogatory is better than the obligatory. Granting the insolvent remission is a supererogatory act, whereas granting him respite and waiting without demanding repayment is obligatory. Here, in this case, the supererogatory act is better than the obligatory act.
• The Hadīth is about the insolvent, who has a valid excuse, but as for the procrastinating debtor who has money, it was reported that the Prophet (may Allah's peace and blessings be upon him) said: "Procrastination in payment of a debt by a rich person is injustice."