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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, legal possession of the a...
 
Machinery As Collateral
It is lawful for the Islamic bank to purchase the machinery from the conventional bank and then resell it to the merch...
 
Bonus Shares As Collateral
It is not lawful for Islamic banks to offer bonus shares as collateral in favour of conventional ba...
 
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 of a ...
 
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 concluded and the cost of the building becomes known, the cost will be ...
 
Taking Collateral Before Debt Is Incurred
The creditor has no right to take collateral from his client before the debt is established....
 
Accounts Receivable As Collateral
The credit department may reserve the rights to the accounts receivable of a company as a guaran...
 
Using Interest Bearing Accounts As Collateral
It is lawful for the Islamic bank to hold a ...
 
Money In Investment Account As Collateral
Such a purchase is lawful because the investment deposit represents a part of the goods ...
 
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 may only be used as collateral if...
 
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