Procrastination in Paying a Debt
Dear scholars, As-Salamu `alaykum. What is the ruling on deferring the payment of a debt when the creditor is urgently seeking his money? Take into account that the debtor is a firm that pay salaries, make deals and undertakes many enterprises. The debtor claims lack of money and inability to pay the money back to the creditor, although a long period has elapsed since this debt was incurred. So what is the Islamic ruling regarding this debtor who procrastinates in paying the debt even if he is able to? Jazakum Allah khayran.