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Rahn

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The Palgrave Encyclopedia of Islamic Finance and Economics

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Abstract

This entry delves into the comprehensive examination of the concept of rahn, a term derived from Arabic that encompasses the notions of pledging, guaranteeing, and mortgaging. The discussion encompasses its lexical definition, its role within Islamic law, and its significance within the Islamic finance industry. This discourse presents an examination of the definition of rahn within the framework of Islamic fiqh schools, accompanied by an exploration of the practices elucidated in historical sources. Furthermore, this study also addresses the pawnshop practices inside the Islamic regions, specifically in Malaysia and Indonesia. It delves into the historical context of these behaviors, providing a comprehensive analysis. The entry also provides an explanation of the mechanics of rahn contracts within the Islamic finance industry, as well as an exploration of the specific financial instruments in which they are employed.

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Author information

Authors and Affiliations

  1. Istanbul Institute for Advanced Studies, Istanbul University, Istanbul, Turkey

    Murat Ustaoğlu

Authors
  1. Murat Ustaoğlu
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Correspondence to Murat Ustaoğlu .

Editor information

Editors and Affiliations

  1. Istanbul Institute for Advanced Studies, Istanbul University, Fatih, Istanbul, Türkiye

    Murat Ustaoğlu

  2. Anadolu University, Odunpazarı, Türkiye

    Cenap Çakmak

Section Editor information

  1. Faculty of Economics, Istanbul University, Istanbul, Turkey

    Muhammet Sait Bozik

  2. Istanbul Institute for Advanced Studies, Istanbul, Türkiye

    Muhammet Sait Bozik

  3. Faculty of Economics, Istanbul University, Istanbul, Turkey

    Büşra Çil

  4. Istanbul Institute for Advanced Studies, Istanbul, Turkey

    Büşra Çil

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© 2024 The Author(s), under exclusive licence to Springer Nature Switzerland AG

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Ustaoğlu, M. (2024). Rahn. In: Ustaoğlu, M., Çakmak, C. (eds) The Palgrave Encyclopedia of Islamic Finance and Economics. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-030-93703-4_378-1

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  • DOI: https://doi.org/10.1007/978-3-030-93703-4_378-1

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  • Publisher Name: Palgrave Macmillan, Cham

  • Print ISBN: 978-3-030-93703-4

  • Online ISBN: 978-3-030-93703-4

  • eBook Packages: Springer Reference Economics and FinanceReference Module Humanities and Social SciencesReference Module Business, Economics and Social Sciences

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