Insolvency & Bankruptcy

Insolvency & Bankruptcy: Bankruptcy is a legal process, under the order of a court, by which the debtor's assets are taken by the Director General of Insolvency. These assets are later distributed equitably among the creditors. 

Transfer of Contract With The Intention of Absconding One’s Responsibilities
الصرف من صندوق الإيرادات قيد التصفية على مستخدمي البنك
غرامة التأخير والمماطلة في السداد
بطاقة الائتمان الإسلامية وفقاً لصيغة القرض الحسن
Insurance of a Debt
The Purchase Undertaker Becomes Unable to Pay for the Good After the Bank Has Purchased It
Is it Allowed to execute a tawarruq transaction in order to pay off the debt if the objective is to realize the interests of both parties, especially the indebted customer?
Is it Allowed to Oblige Customers to Give Donations trough Additional Amount on sale Price?
Is it Allowed for KFH to Accept Shares and Bonds with Interest, Collect the Interest from the Company and Deduct it from the Debt until the Entire Debt is Paid?
Is it allowed to sell a portion of debts to the bad debt market at a price slightly less than what is owed by the client?
Is It Allowed for the Law Firm to Charge Fees to the Lessee for Late Payment?
Is it Allowed for KFH to Enter into a Contract with Debt Collection Agencies that Provide Gifts and Money in order to Collect the Owed Debts?
What is the Ruling on Establishing a Takaful Fund for Customers Indebted to KFH’s Local Real Estate Department?
What’s the Ruling on Risk Management of Housing Loans?
Surplus Sharing from Sale of Ijarah Asset between Lessor and Lessee
Surplus Sharing from Sale of Ijarah Asset between Lessor and Lessee
Application of Wa`d as a Mechanism in Dealing with Customer’s Default in Financing Based on Musyarakah Mutanaqisah
Sale of Collateralised Asset in the Event of Default by Financing Receiver to Pay the Financing Amount to Financier
Priority of Depositors in Recovering Deposit in the Event of Winding Up of an Islamic Banking Institution
Financing Settlement Through New Financing
Is it Allowed for KFH to Give Zakat Funds to an Employee Who is Heavily Indebted?
Is it Allowed for the Creditor to Pay the Debtor Any Amount from the Creditor’s Zakat Funds in Order for the Debtor to Pay the Debt Owed to the Creditor?
Is It Allowed for KFH to Calculate the Actual Legal Costs for Each Lawsuit Fee by Comparison with Similar Debt Collection Cases Handled by Other Law Firms?
Sale of the Commodity Subject Matter of the Contract
Profits from the Sale of Commodity Under the Contract
Status of Conventional Fund Placed in Mudarabah Special Investment Account in the Event of Winding Up of Banking Institutions

Islamic Financial System ©



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