Due to the current global financial crisis there is increasing interest in the Islamic Economic System, the most comprehensive book on this topic is 'The Economic System of Islam' by Sheikh Taqiuddin an-Nabhani. However as people have many questions relating to the Islamic rules of trade we will be posting related extracts from the draft translation of the Fiqh masterpiece 'The Islamic Personality, Volume 2' by Sheikh Taqiuddin an-Nabhani MORTGAGE/PLEDGING SECURITY (AR-RAHN) The (rahn) pledge in the language is (thubut) the establishment and (dawam) continuity; and it is said that it is derived from (al-habs) the imprisonment. كُلُّ امْرِئٍ بِمَا كَسَبَ رَهِينٌ “Each person is a pledge over what he acquired (kasaba)” [TMQ 52: 21] and: كُلُّ نَفْسٍ بِمَا كَسَبَتْ رَهِينَةٌ “Each soul is a pledge over what he acquired (kasaba)” [TMQ 74: 38] i.e. (muqayyada) restricted. The pledge in Shar’a is the property which is given as security for the debt so as to pay back/offfr
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