ISLAMIC DEBT CONSOLIDATION

HALAL DEBT CONSOLIDATION OVER-INDEBTEDNESS

ISLAMIC DEBT CONSOLIDATION

Islamic consolidation of debt consists in theory to consolidate all the debts of a borrower that is to say to buy back all the loans to turn them into a single financing and that in accordance with Islamic sharia.

Halal debt consolidation has the theoretical objective of changing conventional loans that a Muslim borrower would have contracted into a single Islamic financing that would become a loan compliant with Islamic Sharia.

The consolidation of Islamic debt does not exist because it would be in contradiction with the fundamental principles of Islamic sharia that prohibit Riba or interests of usury and even less the redemption of such debts.

Debt consolidation by conventional finance is correct if it allows the borrower to reduce its debt and interest rates and make it out of financial precariousness but not through an Islamic loan.

HALAL MORTGAGE   TAKAFUL INSURANCE   STUDENT INSURANCE   CAR INSURANCE   HOME INSURANCE   REAL ESTATE INSURANCE   LIFE INSURANCE   BUSINESS INSURANCE   TRAVEL INSURANCE   HAJJ UMRAH INSURANCE   FUNERAL INSURANCE   MOSQUE INSURANCE   AUSTRALIA INSURANCE   GERMANY INSURANCE   ISLAMIC CAR LOAN   ISLAMIC MICROFINANCE    WITHOUT INTEREST   BUSINESS LOAN   FOR WOMEN    TAKAFUL MORTGAGE   LOAN WITH POOR CREDIT   ISLAMIC DEBT CONSOLIDATION    DISABILITY LOAN   STUDENT LOAN   ISLAMIC LEASING    LETTER OF CREDIT   PERSONAL LOAN   FOR STARTUP    PRIVATE LOAN   CROWDFUNDING   CALCULATOR    FOR WEDDING   FOR EXPATRIATE   ISLAMIC INSURANCE    INDIA TAKAFUL   ISLAMIC HEALTH INSURANCE   USA TAKAFUL    CANADA TAKAFUL   UK TAKAFUL   FARMER LOAN   CORONOVIRUS LOAN   TAXI LOAN   RAMADAN LOAN   ALBANIA   ALGERIA   AUSTRALIA    BAHRAIN   BANGLADESH   BOSNIA-HERZEGOVINA    BRUNEI   CANADA   CHINA    DENMARK   DJIBOUTI   EGYPT    ETHIOPA   FRANCE   INDONESIA    IRAN   IRAQ   IVORY COAST    JORDAN   KAZAKHSTAN   KENYA    KUWAIT   KYRGYZSTAN   LEBANON    LIBYA   LUXEMBOURG   MALAYSIA    MALI   MAURITANIA   MOROCCO    NETHERLANDS   NIGERIA   NORWAY    OMAN   PAKISTAN   PALESTINE    PHILIPPINES   QATAR   RUSSIA    SAUDI-ARABIA   SENEGAL   SINGAPORE    SRI-LANKA   SUDAN   SWITZERLAND    SYRIA   TAJIKISTAN   TANZANIA    THAILAND   TUNISIA   TURKEY    U.A.E   UNITED-KINGDOM   U.S.A    UZBEKISTAN   YEMEN   AZERBAIJAN    INDIA   BELGIUM   GERMANY    IRELAND   ITALY   NEW-ZEALAND    SPAIN   SWEDEN    BULGARIA   KOSOVO   SOUTH-AFRICA    LONDON