Generally Neglected Debts:
The following are some of the neglected debts to which men attach little importance:
- Dower-debt: It is a debt of the husband as consideration of his marriage. It is just like other bonafide debts. Other creditors cannot take property given to a wife in lieu of dower.
- Dues of Co-Sharers: This specially happens in cases of females who are generally deprived of their due and legitimate shares in paternal property. No account among several co-owners of a property or business is regularly kept in majority of cases. This is suicidal from a secular and religious point of view.
- Dues of Servants and Slaves: These dues should be paid as early as possible. The Holy Prophet (Sallallahu Alaihi Wassallam) said: “Give the labourer his dues before his sweat dries up.”
- Debts of Honour: These are presents of those who gave them at the time of marriage or other ceremonies in expectation of return on similar occasions.
The following formalities must be observed in a loan:
- It must be put in black and white.
- The scribe is to write according to the dictates of the debtor himself, or if he is unsound or minor, of his guardian.
- There shall be at least two witnesses to the transaction. There should be clear mention of time when the loan will be repaid. The Holy Quraan says to this effect: “O you who believe! When you deal with each other in contracting a debt for a fixed time, write it down and let a scribe between you write down with fairness.” (2:282)