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 TypeDr GradeEmail
جاويد أحمد خان JAVED AHMED KHANResearcher  
شارق نثارSHARIQ NISARResearcher  

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