ISLAMIC LAW OF COLLATERAL (Reȟ ’n)
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Date
2015-10
Authors
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Journal ISSN
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Publisher
UMT.Lahore
Abstract
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.