Concept of Ar-Rahn in Islamic finance : another alternatives
In today's world more people rely on getting money by mortgaging their properties. It is done because of many reasons such as maintaining daily life or funding the expensive tertiary studies. In today's conventional mortgage has prove that by pledging their properties it could be risky an...
| Main Authors: | , , , |
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| Format: | Book Chapter |
| Language: | English |
| Published: |
IIUM Press
2011
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| Subjects: | |
| Online Access: | http://irep.iium.edu.my/20533/ http://irep.iium.edu.my/20533/1/Concept_of_Ar-Rahn_in_Islamic_Finance.pdf |
| _version_ | 1848778606136786944 |
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| author | A. Rahim, M. Zamir Azfar A. Halim, M. Hafizuddin Zulkifli, M. Mokhzani Kayadibi, Saim |
| author_facet | A. Rahim, M. Zamir Azfar A. Halim, M. Hafizuddin Zulkifli, M. Mokhzani Kayadibi, Saim |
| author_sort | A. Rahim, M. Zamir Azfar |
| building | IIUM Repository |
| collection | Online Access |
| description | In today's world more people rely on getting money by
mortgaging their properties. It is done because of many reasons such as maintaining daily life or funding the expensive tertiary studies. In today's conventional mortgage has prove that by pledging their properties it could be risky and may end up leaves them at worst homeless. It is because the interest in today's conventional mortgage seems to be a burden to some
people.Base on this situation, many people especially Muslim
are becoming aw'are and change their choice from conventional mortgage to more Islamic way which is Ar-Ralm. It is mention in Al-quran is that as a Muslim he/she should take Ar-Rahn. Plus the cons in conventional mortgage is that it is heavily rely on riba which is vel)' clearly stated it is Haram for a muslim to be involved with them |
| first_indexed | 2025-11-14T15:04:33Z |
| format | Book Chapter |
| id | iium-20533 |
| institution | International Islamic University Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-14T15:04:33Z |
| publishDate | 2011 |
| publisher | IIUM Press |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | iium-205332012-11-06T10:39:26Z http://irep.iium.edu.my/20533/ Concept of Ar-Rahn in Islamic finance : another alternatives A. Rahim, M. Zamir Azfar A. Halim, M. Hafizuddin Zulkifli, M. Mokhzani Kayadibi, Saim BP1 Islam HG Finance In today's world more people rely on getting money by mortgaging their properties. It is done because of many reasons such as maintaining daily life or funding the expensive tertiary studies. In today's conventional mortgage has prove that by pledging their properties it could be risky and may end up leaves them at worst homeless. It is because the interest in today's conventional mortgage seems to be a burden to some people.Base on this situation, many people especially Muslim are becoming aw'are and change their choice from conventional mortgage to more Islamic way which is Ar-Ralm. It is mention in Al-quran is that as a Muslim he/she should take Ar-Rahn. Plus the cons in conventional mortgage is that it is heavily rely on riba which is vel)' clearly stated it is Haram for a muslim to be involved with them IIUM Press 2011 Book Chapter PeerReviewed application/pdf en http://irep.iium.edu.my/20533/1/Concept_of_Ar-Rahn_in_Islamic_Finance.pdf A. Rahim, M. Zamir Azfar and A. Halim, M. Hafizuddin and Zulkifli, M. Mokhzani and Kayadibi, Saim (2011) Concept of Ar-Rahn in Islamic finance : another alternatives. In: The Principal of Currency Value System and Islam Banking and Finance. IIUM Press, Kuala Lumpur, pp. 205-219. ISBN 978-967-418-118-5 http://rms.research.iium.edu.my/bookstore/default.aspx |
| spellingShingle | BP1 Islam HG Finance A. Rahim, M. Zamir Azfar A. Halim, M. Hafizuddin Zulkifli, M. Mokhzani Kayadibi, Saim Concept of Ar-Rahn in Islamic finance : another alternatives |
| title | Concept of Ar-Rahn in Islamic finance : another alternatives |
| title_full | Concept of Ar-Rahn in Islamic finance : another alternatives |
| title_fullStr | Concept of Ar-Rahn in Islamic finance : another alternatives |
| title_full_unstemmed | Concept of Ar-Rahn in Islamic finance : another alternatives |
| title_short | Concept of Ar-Rahn in Islamic finance : another alternatives |
| title_sort | concept of ar-rahn in islamic finance : another alternatives |
| topic | BP1 Islam HG Finance |
| url | http://irep.iium.edu.my/20533/ http://irep.iium.edu.my/20533/ http://irep.iium.edu.my/20533/1/Concept_of_Ar-Rahn_in_Islamic_Finance.pdf |