Bankrupt __socratesPageHistoryEdit Visual Text BANKRUPT. There is no provision in the Muslim law for declaring a person bankrupt, and so placing him beyond the reach of his creditors; but the Qazi can declare a debtor insolvent, and free him from the obligation of zakat and almsgiving. Based on <a href="https://www.juancole.com/library/dictionary-of-islam-hughes">Hughes, Dictionary of Islam</a> CancelTweetShareRedditEmail