Encyclopaedia of the Qurʾān

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Debt
(589 words)

A financial obligation due to another. The qurʾānic expression for debt is the Arabic word dayn. Two places in the Qurʾān, both Medinan chapters, deal with the matter of debts. At q 2:282, the longest verse in the Qurʾān, detailed instructions are given for the actual handling of debts. All debts, be they large or small, in the form of loans or deferred payment for goods received, are to be recorded in writing. The only exception to this is “local business transactions” involving nearly immediate exchange. Recognizing the paucity of literacy (q.v.) in first/seventh century Arabia, the Qu…

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Jackson, Sherman A., “Debt”, in: Encyclopaedia of the Qurʾān, General Editor: Jane Dammen McAuliffe, Georgetown University, Washington DC. Consulted online on 22 September 2019 <http://dx.doi.org/10.1163/1875-3922_q3_EQSIM_00108>



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