Muwatta Malik: Book 32, Hadith 14

Yahya said that Malik spoke about a man who loaned another man money and then the debtor asked him to leave it with him as a qirad. Malik said, “I do not like that unless he takes his money back from him, and then pays it to him as a qirad if he wishes or if he wishes keep it.”

Malik spoke about an investor who paid a man qirad money and the man told him that it was collected with him and asked him to write it for him as a loan. He said, “I do not like that unless he takes his money from him and then lends it to him or keeps it as he wishes. That is only out of fear that he has lost some of it, and wants to defer it so that he can make up what has been lost of it. That is disapproved of and is not permitted and it is not good.”

Muwatta Malik: Book 32, Hadith 14

 
The above hadith is from the Muwatta Malik collection of hadiths. Authored by Imam Malik ibn Anas, the Muwatta Malik is an 8th-century hadith collection known for its meticulous curation. Developed over a period of 40 years, its content of under 2,000 hadiths is presented within a framework of 61 distinct books.

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For more Hadith in Book 32: Qirad
 

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