Reward for Relieving the Debtor from the Debt
Dear scholars, As-Salamu `alaykum. I had lent an amount of money to a relative years ago. Now, I know that he is not in position to repay me. Can I transform the amount of debt into Zakah, and tell my relative that I have converted the debt into Zakah, and he does not have to repay me. Please guide me. May Allah showers His Blessings on all Muslims.
Borrowing Money from Banks to Start Business
I would like to know whether borrowing money from banks to do business is halal or not?