Financial dealings are the real test of one’s awareness of Allah (taqwa).
The corrupt financial dealings and bad attitudes of a murid in addition to being major sin for himself lead to negative reputation of the Shaikh and Tasawwuf in public.
It is essential to educate the disciples regarding these issues. It is impossible to step on the pristine grounds of Allah’s pleasure and approval while being soiled in sins.
Taking loan is highly discouraged. However, if due to necessity loan has to be taken then one should keep an intention of paying it back as soon as possible and work for it deligently.
The following Prophetic tradition should be an eye-opener for all of us.
Sayedna Abu Hurairah (Allah be pleased with him) narrates from the Beloved Prophet (Allah’s blessing and peace be upon him),
‘The Prophet (Allah’s blessing and peace be upon him) said, ‘An individual who takes from the wealth of another (as a loan) and his intention is to repay it then Allah will (facilitate & make arrangements for its) recompense for this individual. However, if an individual takes the wealth (loan) with the intention of not returning then Allah will destroy him.’
Bukhari, Ibne Majah
Jamae ul Huqooq, page 9