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Conditions Of Collateral And Guarantee In Transfer Of Debt
Conditions of collateral and guarantee do not transfer, so that the one putting up the collatera...
 
Transferring Debt
Where one person (the lender) lends money to another person (the borrower) who is already owed money by a third person, the borrower may choose to transfer the debt (owed by the third person) so that the third person becomes obligated to pay the original lender. However, the two debts (the one the borrower owes the lender and the one the third person owes the borrower) must be equal in type and amount to avoid riba; where two debts are of...
 


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