Insolvency - Appendix C (Definitions)

Transcription

1. Shari ’ah Standard No (43): Insolvency Appendix (C) Definitions I’sar The present inability to discharge the financial obligations established in one’s liability. Prudential or Precautionary or Preventive Interdiction Expedited and streamlined interdiction aiming at placing the debtor’s assets under judicial supervision so that the creditor precludes the existence of a threat to his receipt of the full payment of his debt. 1081