Insolvency

Posted on 04/10/2012 by marina

Wikis > Dictionary of Islam > Insolvency

INSOLVENCY
of a debtor is established by a judicial decree; and after such a declaration a bequest by such a person is void. If, however, the creditors relinquish their claim the bequest is then valid. (Hidayah, iv. p. 475.)

Based on Hughes, Dictionary of Islam