• Cyberian's Gold

    Discussion Question:

    The concept and legitimacy of Rahn (pledge) in financial contracts have been established by a number of Quranic texts (2: 282) and the Sunnah (Bukhari Sahih). Rahn (Pledge) is defined as the security for the satisfaction of creditors in respect of debt on part of a debtor.

    Being the student of Islamic Jurisprudence in Islam, discuss the validity of the following situations:
    Mr. Bilal pledged the documents of an immovable property against debt taken from Skill bank limited.
    Mr. X provided a loan to Mr. Z with a condition that Mr. Z would allow Mr. X to use his car as a fulfillment of pledge for a loan.
    Mr. Ali Hassan provided a loan to Mr. Jamal of Rs. 5 Million against gold as Rahn (pledge) with market value equals to the debt amount. After 6 months the market value of the gold becomes Rs 6 million. However, without any negligence, Mr. Ali lost all the gold in a robbery at his home. In light of Sharia’h school of thoughts, briefly discuss the impact of the loss of subject matter on the obligation of both parties.

Insaf Sehat Card Live Cricket Streaming
  • 2
  • 4
  • 4
  • 1
  • 3
  • 2
  • 11
  • 2
Quiz 100% Result Quiz 100% Result
| |