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Scientific Publishing Center
Document Details
Document Type
:
Article In Journal
Document Title
:
Collateral (Al-Rahn) as Practiced by Muslim Funds of North India
الرهن كما تتعامل به الصناديق الإسلامية في شمال الهند
Subject
:
Discussion Paper
Document Language
:
English
Abstract
:
The present study, aims at highlighting the issues related to collateral as practiced by the five leading representative Muslim Funds of Northern India, which is a densely Muslim populated area. The study, in particular, examines the need for collateral, its composition, safety and costs involved, modus operandi, socio-economic impacts and its legal status in the context of India. It must be noted here that despite the non-recognition of al-rahn under the Indian law, these Funds have done impressive works by providing interest free loans to the needy people. As for their modus operandi, it has been argued that these Funds must follow the prescribed rules and regulations in order to fully expand in India’s current liberalized financial market. This study also highlights the great potential of the expansion of these Funds in the area of equity and venture finance.
ISSN
:
1018-7383
Journal Name
:
Islamic Economics Journal
Volume
:
17
Issue Number
:
1
Publishing Year
:
1425 AH
2004 AD
Number Of Pages
:
17
Article Type
:
Article
Added Date
:
Sunday, October 11, 2009
Researchers
Researcher Name (Arabic)
Researcher Name (English)
Researcher Type
Dr Grade
Email
جاويد أحمد خان
JAVED AHMED KHAN
Researcher
شارق نثار
SHARIQ NISAR
Researcher
Files
File Name
Type
Description
21217.pdf
pdf
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