Jami` at-Tirmidhi: Book 14, Hadith 112
The Hadith is the Abu Hurairah (no. 1308) is a Hasan Sahih Hadith. And its meaning is that when the debt of one of you is transferred then agree. Some of the people of knowledge said when a man is offered to transfer his debt to a rich man and he does so, then the transferor is free of it, he is not to seek its return from the transferor. This is the view of Ash-Shafi’i, Ahmad, and Ishaq. Some of the people of knowledge said: “When this wealth could not be collected due to bankruptcy of the one it was transferred to, then he may seek its return to the first one.” They argue this view with the saying of ‘Uthman and others, when they said: “There is nothing due on a Muslim’s wealth that is lost.” Ishaq said: “The meaning of this Hadith: ‘There is nothing due on a Muslim’s wealth that is lost’ this is when a man transfers it to another whom he thinks is wealthy, then he becomes bankrupt, so there is nothing due on the Muslim’s wealth that is lost.”
Jami` at-Tirmidhi: Book 14, Hadith 112
Sahih (Darussalam)
The above hadith is from the Jami` at-Tirmidhi collection of hadiths. Imam al-Tirmidhi’s Jami’ is a seminal 9th-century work and an integral part of the Kutub al-Sittah. These six collections—Sahih al-Bukhari, Sahih Muslim, Sunan Abu Dawood, Sunan al-Tirmidhi, Sunan an-Nasa’i, and Sunan ibn Majah—are the pillars of Sunni hadith scholarship. Al-Tirmidhi’s contribution is especially known for its organization and scope. The entire compilation is structured into 46 comprehensive books that together house a body of more than 4,000 narrations detailing the Sunnah of the Prophet Muhammad.
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For more Hadith in Book 14: The Book on Business