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Accounts Receivable As Collateral
The credit department may reserve the rights to the accounts receivable of a company as a guarantee of its debt but only if this is made a...
The credit department may reserve the rights to the accounts receivable of a company as a guarantee of its debt but only if this is made a...
Using Bank Accounts As Collateral
The use of deposits as collateral is lawful regardless of whether these are demand deposits or investment accounts. The amounts in such deposits...
The use of deposits as collateral is lawful regardless of whether these are demand deposits or investment accounts. The amounts in such deposits...
Placing Hold On Current Accounts As Collateral
It is lawful to put a hold on a current account for debt owed by the client since in this way the client is considered to have honoured it by means...
It is lawful to put a hold on a current account for debt owed by the client since in this way the client is considered to have honoured it by means...
It is lawful for the Islamic bank to hold a deposit in a conventional bank as collateral.
Money In Investment Account As Collateral
Such a purchase is lawful because the investment deposit represents a part of the goods purchased for sale and investment and it is lawful to hold...
Such a purchase is lawful because the investment deposit represents a part of the goods purchased for sale and investment and it is lawful to hold...
Asking For Collateral
It is lawful to take collateral from the client whether in the form of real estate or stocks once it is verified that the client has unobstructed,...
It is lawful to take collateral from the client whether in the form of real estate or stocks once it is verified that the client has unobstructed,...
Machinery As Collateral
It is lawful for the Islamic bank to purchase the machinery from the conventional bank and then resell it to the merchant. Ideally, however, it is...
It is lawful for the Islamic bank to purchase the machinery from the conventional bank and then resell it to the merchant. Ideally, however, it is...
Land As Collateral
It is permissible for the bank to enter into a contract of Istisna with its client for the purpose of developing land. Once the Istisna is...
It is permissible for the bank to enter into a contract of Istisna with its client for the purpose of developing land. Once the Istisna is...
Bonus Shares As Collateral
It is not lawful for Islamic banks to offer bonus shares as collateral in favour of conventional banks since it would be equivalent to facilitating...
It is not lawful for Islamic banks to offer bonus shares as collateral in favour of conventional banks since it would be equivalent to facilitating...
Taking Collateral Before Debt Is Incurred
The creditor has no right to take collateral from his client before the debt is established. It is only lawful to take collateral as confirmation...
The creditor has no right to take collateral from his client before the debt is established. It is only lawful to take collateral as confirmation...
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