Can this Hadith be acted upon and is it reliable for the removal of debts?
اللهم مالك الملك , تؤتي الملك من تشاء , وتنزع الملك ممن تشاء
Yes, this Hadith has been declared reliable by ‘Allamah Mundhiri (bi isnadin jayyid) and Hafiz Haythami (rahimahullah) has declared the narrators reliable (rijaluhu thiqat).
(Targhib, vol. 2 pg. 614, Majma’uz Zawaid, vol. 10 pg. 186)
The full narration is as follows:
Sayyiduna Anas ibn Malik (radiyallahu ‘anhu) reports that Rasulullah (sallallahu ‘alayhi wa sallam) told Mu’adh (radiyallahu ‘anhu), “Should I not teach you a du’a which if you recite, your debts will be cleared even if they equal to mount Uhud?” The du’a is:
اللَّهُمَّ مَالِكَ الْمُلْكِ، تُؤْتِي الْمُلْكَ مَنْ تَشَاءُ، وَتَنْزِعُ الْمُلْكَ مِمَّنْ تَشَاءُ، وَتُعِزُّ مَنْ تَشَاءُ، وَتُذِلُّ مَنْ تَشَاءُ، بِيَدِكَ الْخَيْرُ، إِنَّكَ عَلَى كُلِّ شَيْءٍ قَدِيرٌ، رَحْمان الدُّنْيَا وَالْآخِرَةِ تُعْطِيهمَا مَنْ تَشَاءُ، وَتَمْنَعُ مِنْهُمَا مَنْ تَشَاءُ، ارْحَمْنِي رَحْمَةً تُغْنِينِي بِهَا عَنْ رَحْمَةِ مَنْ سِوَاكَ
Allahumma Malikal Mulk, Tu-til mulka man tasha u watanzi’ul mulka mimman tasha u, wa tu’izzu man tasha u, watudhillu man tasha u, biyadikal khayru innaka ‘ala kulli shay in Qadir Rahmanad Dunya wal Akhirati tu’tihima man tasha u wa tamna’u minhuma man tasha u irhamni rahmatan tughni ni biha ‘an Rahmati man siwak
(Al Mu’jamus Saghir, Hadith: 558. Also see: Al Mu’jamul Kabir, Hadith: 323 vol. 20)
O Allah! Possessor of the kingdom, You give the kingdom to whom You will, and You take the kingdom from whom You will. You grant honour to whom You will and disgrace whom You will. In Your Hand is all good. Verily, You are able to do all things. [O] Most Merciful of this world and the Hereafter, You grant them to whomsoever You wish and You deprive whomsoever You wish. Shower upon me such mercy, which will make me independent from the mercy of those besides You.’
See another du’a to remove debts here.
Also see here
And Allah Ta’ala Knows best.
Answered by: Moulana Suhail Motala
Approved by: Moulana Muhammad Abasoomar
This answer was collected from HadithAnswers.com. The answers were either answered or checked by Moulana Haroon Abasoomar (rahimahullah) who was a Shaykhul Hadith in South Africa, or by his son, Moulana Muhammad Abasoomer (hafizahullah), who is a Hadith specialist.