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Installment Sales: Securing Debt in Islamic Jurisprudence

It is no secret that commitment to debt is closely related to the contracts and financial transactions concluded by individuals and organizations through mutual agreement, many of which result in debt obligations. Therefore, the study of securing debt in Islamic jurisprudence is considered one of the most important areas concerning indebtedness and contractual relationships that establish debt as a liability upon one of the contracting parties.

The primary objective of securing debt is to preserve the rights of the creditor. It enables the creditor to recover the debt, protects against the risk of loss or denial, and ensures that the debt can be proven and fully reclaimed.

In this study, we will examine the methods of securing legitimate debt through four main sections, preceded by an introduction that discusses the meaning and nature of debt security.

We ask Allah to make this effort sincere for His sake and to grant benefit to its author and readers in this world and the Hereafter. Indeed, He is the One who hears prayers and fulfills hopes. He alone is the source of help, and upon Him alone we rely. Allah is sufficient for us, and He is the best disposer of affairs.