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Hiwalah - Coggle Diagram
Hiwalah
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Definition
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technically comprises 2 kinds; hiwalah al haqq(transfer of right) and hiwalah al dayn )transfer if debt from the transferor (muhil) to the prayer (muhal alayh). Hiwalah al haqq is a replacement of a creditor with another creditor
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Legality of Hiwalah
Prophet SAW : Delinquency of rich debtors is a form of transgressions, so if one of you has his debt transferred to a rich person, let him accept the transfer of debt (Muslim, hadith no. 1564)