Implementing Shari’ah-compliant collateral security regimes: Select issues

Michael J. T. McMillen

Chapter 4 in Research Handbook on Secured Financing in Commercial Transactions, 2015, pp 97-131 from Edward Elgar Publishing

Abstract: The chapter looks at how to implement Shari’ah-compliant collateral security regimes for securing obligations. The chapter goes through the fundamentals of Shari’ah law and examines how to manage them for secured lending. It then goes on to cover specific issues, such as second and subsequent liens, secured debt, proceeds, types of collateral and remedies. It shows that seeking compatibility between secured lending and Islamic finance is challenging but far from impossible.

Keywords: Development Studies; Economics and Finance; Law - Academic (search for similar items in EconPapers)
Date: 2015
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