Financial debt is a terrible burden, and those in debt are under constant and overwhelming pressure and fear. It is not ideal to borrow money from someone; however, the necessities of life sometimes force us to take on this burden. Debt refers to an individual's financial obligation towards another person or an organization. People usually borrow money for building a house, for a child's education, for a son or daughter's marriage, etc. In worst-case scenarios, people take on financial debt when they have lost their source of income and have no money for food and shelter.
People with no means and a piling debt are often the ones most overwhelmed by this burden. One should try to clear any debt to their name at their earliest, reciting the dua for settling a debt. There are two duas listed below; one beseeches Allah Azzawajal to get one in debt out of this situation, make them sufficient enough to fulfill their needs, and end their dependence on others. The second dua asks for Allah's protection from miserliness, sadness, and laziness. It is a dua that prevents one from debt due to bad habits and financial mismanagement.
To seek abundance in provision and help in settling a debt from Allah serves to be a lifeboat and a necessity so that the struggles can be eased out and one can pay off any liabilities once they can by the Will of Allah (سُبْحَانَهُ وَتَعَالَى). Referenced in Al-Bukhari 7/158 and At-Tirmizi 5/560, the supplication for settling a debt isn't just about paying off any debt; it is also for seeking refuge from grief and laziness as they plague the heart and keep one distracted.
When making dua for settling debt, make it with full faith and belief that Allah (سُبْحَانَهُ وَتَعَالَى)will make matters easy for you. Sincerely ask for his assistance and help in paving a path of both ease and sustainability so you can overcome your challenges and fulfill your obligations. Do not shy away from asking Allah (سُبْحَانَهُ وَتَعَالَى) because He is the one who can provide one with anything without any condition. Ask him for wisdom so that you can make decisions that are right for you and save you from being in debt in the future.
Joy & Distress Duas
Allaahummak-finee bihalaalika 'an haraamika wa 'aghninee bifadhlika 'amman siwaaka.
O Allah, suffice me with what You have allowed instead of what You have forbidden, and make me independent of all others besides You.
Allaahumma 'innee 'a'oothu bika minal-hammi walhazani, wal'ajzi walkasali, walbukhli waljubni, wa dhala'id-dayni wa ghalabatir-rijaali.
O Allah, I seek refuge in You from grief and sadness, from weakness and from laziness, from miserliness and from cowardice, from being overcome by debt and from being overpowered by men
The benefit of reciting dua for settling a debt is that it helps one take the necessary measures and move in the direction of working to fulfill or pay off the debt. The biggest benefit of prayer is its fulfillment. This dua keeps you humble and acknowledges that it is Allah (سُبْحَانَهُ وَتَعَالَى) who enables us and allows resources for us to find solutions to our problems and that it is He who Has the power over everything.