Institute of Islamic Banking

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Islamic law of collateral(Reȟ’n)
(UNIVERSITY OF MANAGEMENT AND TECHNOLOGY, 2015) Akhtar, Aqeel
Islamic law states that the responsibility of a man is to structure this world without eradication force, in the interim or after the building. If acerbic tree to make caricature expedite to the terra firma deterioration then that acerbic tree categorized as annihilation to the terra firma and intrinsically become prohibited. Islam is a schema for entire universe and is extravagant bounteous than Halal and Haram. In the macrocosm corporate atmosphere, Islamic law of collateral is an emerging practical field of study with a few material available in published form discussing authentic insight and practical perspective to the Islamic outlook on principles and guidelines related to its operational, managerial and ethical issues. Islamic Law of collateral address a sole feature of Islamic financial market that has been consequently slighted. It aims to support the Islamic framework for understanding the ijunctions of Reȟ‟n demonstrate practical perspective for contemporary financial market i.e. banking Industry, corporate sector and Islamic Financial Markets.