too much debt

How Much Debt Is Too Much Debt?

Many people believe that debt is an essential component of contemporary life. We can accomplish goals that might otherwise be unattainable by borrowing money whether it be through business financing, credit cards, mortgages or student loans. But at what point does beneficial debt become a financial trap?The Quran forbids reckless borrowing and extravagant spending. As the evidence Surah Al-Isra verse…

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