Hadith on Bankruptcy: Unmasking the True Bankruptcy

📖Jami` at-Tirmidhi 2418
Abu Hurairah narrated that the Messenger of Allah (s.a.w) said: Do you know who the bankrupt is?” They said: “O Messenger of Allah SAW! The bankrupt among us is the one who has no Dirham nor property.” The Messenger of Allah (s.a.w) said: “The bankrupt in my Ummah is the one who comes with Salat and fasting and Zakat on the Day of Judgement, but he comes having abused this one, falsely accusing that one, wrongfully consuming the wealth of this one, spilling the blood of that one, and beating this one. So he is seated, and this one is requited from his rewards. If his rewards are exhausted before the sins that he committed are requited, then some of their sins will be taken and cast upon him, then he will be cast into the Fire.”

From this hadith, we can learn the following lessons:

  1. True bankruptcy is not measured by a lack of material possessions but by a deficit of good deeds and righteous behavior.
  2. Merely fulfilling the outward acts of worship such as prayers, fasting, and charity is not enough if one has engaged in harming or mistreating others.
  3. The rights of individuals must be respected and protected. False accusations, wrongful appropriation of wealth, causing harm, and physical aggression are serious offenses.
  4. Even if one has performed acts of worship, if their misconduct towards others remains unresolved, their good deeds may be taken away and transferred to those whom they have wronged.
  5. The consequences of unjust actions will be faced in the Hereafter, with potential punishment in the Fire (Hell) if the individual’s good deeds are exhausted before their sins are atoned for.

Overall, the hadith emphasizes the importance of sincere worship coupled with good character, respect for others’ rights, and seeking forgiveness for any wrongdoing to avoid spiritual bankruptcy on the Day of Judgment.