Question: Ebrahim owes Yusuf R100,000. Ebrahim requests his friend Yaqub (who owes Ebrahim a R100, 000) to take over the debt with Yusuf. Is this allowed?
Answer: Yes, it is permissible to transfer a debt as longer the creditor and the person to whom the debt is transferred both agree. Upon transfer, Yusuf will no longer have a claim against Ebrahim.
الحوالة جائزة بالديون - القدوري ج٢ص٧٣)
And Allah Knows Best
Yusuf Moosagie
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