Discount in Loans in Return for Decreasing the Time of Maturity

Nowadays, debt plays a great role in the whole economic arenas; so that one cannot imagine an economy without debt. Debts usually have a certain maturity. But since the economic condition of debtors and creditors changes during the time they may decide to lengthen or shorten the time of maturity. Postponing the maturity, which is normally requested by the debtor because of his incapability of repayment, is forbidden in Shariah. But in advance repayment of the debt is approved in Shariah.There are numerous and authentic traditions (hadiths) in Shiite resources that have explicit denotation on discount in the amount of debt for debtors in return for shortening the time of maturity. In Sunnite jurisprudence, at the other hand, although some do not see it as permissible, their arguments lack enough strength; besides, some of their jurists have permitted it. This injunction can be used in many issues, among which we can point to leasing corporations, banks, the claims of government from people, the claims of corporations.