Collaterals' issue in RAHN scheme and conventional pawn broking: a literature study

Md Harun, Ahmad Syahir and Haneef, Sayed Sikandar Shah and Awang, Abdul Bari (2017) Collaterals' issue in RAHN scheme and conventional pawn broking: a literature study. In: 6th International Conference on Islamic Jurisprudence (ICIJ 2017), 21st-23rd Feb. 2017, Kuala Lumpur. (Unpublished)

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Abstract

Rahn or pawn broking is one of contracts that Islam allows to assist people when they are short of money to ease their financial difficulty. Obviously, in Islamic teaching, collaterals other than gold and silver are allowed but the collaterals' variation in Islamic institutions in Malaysia do not apply this teaching in their system as compared to conventional pawn broking where people are more attracted to them since they offer other collaterals such as lands, houses, cars and electronic devices. Therefore, this study will show the necessity of diversifying collateral in rahn scheme in Islamic Institutions in Malaysia. This study is important to show people that Islamic revelation is relevant to today's developments which ease people in all aspect especially economy. This study will analyze the relevant previous researches in rahn as a literature study.

Item Type:	Conference or Workshop Item (Plenary Papers)
Additional Information:	3049/56029
Uncontrolled Keywords:	Rahn scheme, pawn broking, mortgage, collaterals, Islamic institutions, conventional institutions
Subjects:	K Law > KBP Islamic Law > KBP1 Islamic law.Shariah.Fiqh > KBP490 Furūʻ al-fiqh. Substantive law. Branches of law. > KBP639 Muʻāmalāt
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Kulliyyah of Islamic Revealed Knowledge and Human Sciences > Department of Fiqh and Usul al-Fiqh
Depositing User:	Prof. Sayed Sikandar Shah Haneef
Date Deposited:	19 Apr 2017 16:50
Last Modified:	02 May 2017 08:51
URI:	http://irep.iium.edu.my/id/eprint/56029

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