Transferance of a Debt from One Person to Another (Al-Hawaala)
كتاب الحوالات
(1) Chapter: Al-Hawala (the transference of a debt from one person to another. It is an agreement whereby a debtor is released from a debt by another becoming responsible for it). Can Hawala be rejected by the creditors after accepting it?
باب فِي الْحَوَالَةِ، وَهَلْ يَرْجِعُ فِي الْحَوَالَةِ
Narrated Abu Huraira:
The Prophet (ﷺ) said, “Procrastination (delay) in paying debts by a wealthy man is injustice. So, if your debt is transferred from your debtor to a rich debtor, you should agree.”
