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LONDON:Dominant Shariah opinion prohibits selling debt for a price other than its face value. This prohibition covers both discounts and premiums in the sale and purchase of debt.Thus an individual, corporate or any other institution (eg government) is not allowed to sell to a third party the debt a debtor owes to it, for a price other than the face value of the debt. Furthermore, there is a clear prohibition on selling debt for debt even if the two (deferred counter-values) are equal.There is a simple rationale behi nike dunk high nd it. Islam d adidas yeezy oes not allow re-pricing of debt even if it is between the initial creditor and debtor. This is so because pre-agreed (contractual) re-pricing of debt is likely to give rise to the pre-Islamic practice of interest, known as riba, which Islam prohibited.Although a creditor enjoys discretion to offer an early payment rebate to the deb adidas campus 80s tor, Shariah does not allow formalising this discretion in the original debt agreement between the two parties. In the case of lat Ministers are appointed to manage the affairs of the state mdash; foreign affairs, economic affairs, parliamentary affairs mdash; to name a few. In our Riyasat-e-Madina, however, ministers are in cut-throat competition with each other to mind anything but their own affairs. The other affairs reflect the typical ldquo;otherness rdquo; or contempt towards those not of their own converse schuhe flock. The latest example is the battle of JIT reports, launched with a crusading zeal by the Minister of Maritime Affairs, Ali Zaidi. Earlier in the month, he was blowing hot and co converse all star ld on the illegal licenses of pilots of planes, not ships. The months of May and June witnessed him exposing the sugar mafia. In August last year, he was seen cleaning storm water drains in Karachi. Does he spend any tim nikeair e dealing with maritime affairs Or there is not enough work there Originally ports and shipping, the maritime affairs used to be part of the communications ministry. It has Pakistan National Shipping Corporation th
LONDON:Dominant Shariah opinion prohibits selling debt for a price other than its face value. This prohibition covers both discounts and premiums in the sale and purchase of debt.Thus an individual, corporate or any other institution (eg government) is not allowed to sell to a third party the debt a debtor owes to it, for a price other than the face value of the debt. Furthermore, there is a clear prohibition on selling debt for debt even if the two (deferred counter-values) are equal.There is a simple rationale behi nike dunk high nd it. Islam d adidas yeezy oes not allow re-pricing of debt even if it is between the initial creditor and debtor. This is so because pre-agreed (contractual) re-pricing of debt is likely to give rise to the pre-Islamic practice of interest, known as riba, which Islam prohibited.Although a creditor enjoys discretion to offer an early payment rebate to the deb adidas campus 80s tor, Shariah does not allow formalising this discretion in the original debt agreement between the two parties. In the case of lat Ministers are appointed to manage the affairs of the state mdash; foreign affairs, economic affairs, parliamentary affairs mdash; to name a few. In our Riyasat-e-Madina, however, ministers are in cut-throat competition with each other to mind anything but their own affairs. The other affairs reflect the typical ldquo;otherness rdquo; or contempt towards those not of their own converse schuhe flock. The latest example is the battle of JIT reports, launched with a crusading zeal by the Minister of Maritime Affairs, Ali Zaidi. Earlier in the month, he was blowing hot and co converse all star ld on the illegal licenses of pilots of planes, not ships. The months of May and June witnessed him exposing the sugar mafia. In August last year, he was seen cleaning storm water drains in Karachi. Does he spend any tim nikeair e dealing with maritime affairs Or there is not enough work there Originally ports and shipping, the maritime affairs used to be part of the communications ministry. It has Pakistan National Shipping Corporation th
