The use of floating charge as an Islamic collateral instrument: a shariah compatibility analysis

• Main Authors: Engku Ali, Engku Rabiah Adawiah, Mohd. Sulaiman, Aiman @ Nariman, Haron, Muhamad Nasir
• Format: Article
• Language: English; English; English
• Published: International Islamic University Malaysia (IIUM) 2018
• Subjects: KBP Islamic Law; KBP1 Islamic law.Shariah.Fiqh
• Online Access: http://irep.iium.edu.my/70663/1/70663_The%20use%20of%20floating%20charge%20as%20an%20Islamic%20collateral_article.pdf; http://irep.iium.edu.my/70663/2/70663_The%20use%20of%20floating%20charge%20as%20an%20Islamic%20collateral_scopus.pdf; http://irep.iium.edu.my/70663/13/70663%20The%20use%20of%20floating%20charge%20as%20an%20Islamic%20collateral%20instrument%20WOS.pdf; http://irep.iium.edu.my/70663/; http://journals.iium.edu.my/shajarah/index.php/shaj/article/view/722/320

The provision of collateral or security is imperative in modern banking as it serves as a significant form of risk mitigation against customer’s default in financing activities. One of the most common security instruments utilized by financial institutions is a charge. In the context of a client...