Record debts in writing with witnesses

In this verse, Allah advises believers to record their debts in writing and have witnesses, ensuring that financial dealings are transparent and fair. This practice is meant to prevent disputes and ensure trust among people. It is like a safeguard, making sure everyone remembers the terms and no one is treated unfairly if a disagreement arises later. The importance of this instruction is further emphasized in Tafsir Ibn Kathir, which explains that recording debts helps protect the rights of creditors and debtors alike. In early Islamic society, many people relied on verbal agreements, which could lead to misunderstandings and disputes. Writing the terms down with witnesses minimizes these issues as it provides clear proof of what was agreed upon. Prophet Muhammad (PBUH) also emphasized honesty and accountability in transactions. Applying this rule helps maintain justice and trust within the community. Islam teaches us to be just and fair in our dealings to foster a community based on mutual respect and understanding. By following this guidance, you ensure that everyone is treated fairly, and relationships remain harmonious, which is a core value in Islam.