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Al-Hawala (the transference of a debt from one person to another. It is an agreement whereby a debtor is released from a debt by another becoming responsible for it). Can Hawala be rejected by the creditors after accepting it? — Sahih al-Bukhari | Quran & Hadees

Al-Hawala (the transference of a debt from one person to another. It is an agreement whereby a debtor is released from a debt by another becoming responsible for it). Can Hawala be rejected by the creditors after accepting it?

Al-Hasan and Qatada said, “If the transferee was rich when the debt was transferred, the agreement is final and irrevocable by the creditor.” Ibn ‘Abbas said, “When two partners disassociate and one of them accepts assets while the other accepts debts as a part of his share, if the debts could not be collected (because of the death of the debtor, his bankruptcy, or his denial of the debt, etc.), the one who has accepted the debts would have no right to demand any compensation from his partner.” This is applied also in setting the affairs of inheritors.

باب فِي الْحَوَالَةِ، وَهَلْ يَرْجِعُ فِي الْحَوَالَةِ

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Sahih al-Bukhari · Book 38 · Hadith 2287

حَدَّثَنَا عَبْدُ اللَّهِ بْنُ يُوسُفَ، أَخْبَرَنَا مَالِكٌ، عَنْ أَبِي الزِّنَادِ، عَنِ الأَعْرَجِ، عَنْ أَبِي هُرَيْرَةَ ـ رضى الله عنه ـ أَنَّ رَسُولَ اللَّهِ صلى الله عليه وسلم قَالَ ‏"‏ مَطْلُ الْغَنِيِّ ظُلْمٌ، فَإِذَا أُتْبِعَ أَحَدُكُمْ عَلَى مَلِيٍّ فَلْيَتْبَعْ ‏"‏‏.‏

Narrated Abu Huraira: The Prophet (ﷺ) said, "Procrastination (delay) in paying debts by a wealthy man is injustice. So, if your debt is transferred from your debtor to a rich debtor, you should agree."

Sahih

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