Forgiving Loans

Allah Most High says,
“If someone is in straits, wait until it is convenient. And if you remit the debt as charity, that is better for you, if you only knew.”
[Qur’an, 2:280]
The Prophet (Allah bless him & give him peace) said,
“Whosoever gives respite to a borrower who is in difficulty or forgives him altogether, Allah Most [...]

On the prohibition against usury (riba)

Allah Most High says,
“Those who consume usurious interest are only in the sort of business in which one maddened by Satan’s touch engages. That is because they say, ‘Trade is like usury.’ Allah has permitted trading and forbidden usury. Whosoever receives an admonition from his Lord and gives over, he shall have his past [...]

The Opening (al-Fatiha)

In the Name of Allah, the All-Merciful, the All-Compassionate
 
Praise belongs to Allah, the Lord of the worlds,
the All-Merciful, the All-Compassionate,
the Master of the Day of Judgement.
You alone we worship and You alone we pray for succour.
Guide us in the straight path,
the path of those You have favoured, not of those who have incurred Your [...]