How to earn the reward of giving a huge amount of money every day

 Islam has stressed mutual help and cooperation.  If anyone is needy, then Islam instructs one and all to give that person a non-interest based loan so that the needy person can fulfill his need and return the amount easily.  The Shariah has given highly meticulous guidelines in this regard.  The lender accepting any gift from the borrower or drawing any other benefit from the borrower might be construed as usury and is therefore forbidden.  This is because if the lender had not lent money, the borrower would not have given him gifts.

 

However, if the relations between them predate the loan and there already had been an exchange of gifts between them before this loan, then there is no problem in doing so after the loan has been given as well.  As mentioned in this Hadith of Sunan Ibn Majah:

 

Translation: It is narrated on the authority of Hadhrat Yahya bin Abu Ishaaq Hanaai (May Allah be well pleased with him), he says:  I asked Hadhrat Anas bin Malik (May Allah be well pleased with him):  If we give any loan to our brother, then should he give a gift also when returning the loan?  Hadhrat Anas (May Allah be well pleased with him) said:  The Holy Prophet (Sallallahu alaihi wa sallam) said:  If someone gives a loan to someone and that borrower gives him a gift or offers him a lift on his mount, then the lender should not mount the animal.  However, if before giving the loan there used to an exchange of gifts between them, then it is permitted.  (Sunan Ibn Majah, Hadith No. 2526)

 

Reward on being lenient with the borrower

 

If any borrower is needy, then the Holy Prophet (Sallallahu alaihi wa sallam) has instructed the Muslims to be gentle with him and to give him more time for repayment of the loan.  The Holy Prophet (Sallallahu alaihi wa sallam) has also given glad tidings for the person who extends the time for repayment of loan.  There is a Hadith in Musnad Imam Ahmed bin Hambal:

 

Translation: It is narrated on the authority of Hadhrat Sulaiman bin Buraidah (May Allah be well pleased with him) who narrates on the authority of his father, he said:  I heard the Holy Prophet (Sallallahu alaihi wa sallam) say: The person who extends the time of repayment for a borrower will get reward as if he (or she) is giving the same amount (that is owed to him) in charity every day.  He said:  Then I again heard the Holy Prophet (Sallallahu alaihi wa sallam) say:  If any person extends the time of repayment for a borrower, he (or she) will get the reward of giving double that amount in charity every day.  Then the Holy Prophet (Sallallahu alaihi wa sallam) clarified this: The reward of giving the same amount in charity is when extension is given before the time is up.  If the time for repayment is up and the borrower can’t repay the loan and then the time is extended, then the reward is of giving double that amount in charity. (Musnad Imam Ahmed bin Hambal, Hadith No. 23748)