Example: a certificate represents Rs. 60 liquid assets and Rs. 40 non-liquid assets.
• Under the Hanafi rule discussed here, it may be sold for a price greater than Rs. 60.
• If sold for Rs. 110, Rs. 60 is matched against the liquid part.
• The remaining Rs. 50 is treated as the price of the non-liquid asset share.
• It cannot be sold for Rs. 60 or less under this formula.
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Hanafi Rule for a Mixed Portfolio
Securitization of partnership (مشاركة)
Example: a certificate represents Rs. 60 liquid assets and Rs. 40 non-liquid assets.
• Under the Hanafi rule discussed here, it may be sold for a price greater than Rs. 60.
• If sold for Rs. 110, Rs. 60 is matched against the liquid part.
• The remaining Rs. 50 is treated as the price of the non-liquid asset share.
• It cannot be sold for Rs. 60 or less under this formula.