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Islamic Finance

  Islamic Finance   |   Terms
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  • February 1, 2023
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Dhamanah

A type of guaranty which is particularly used in guaranteeing debts. Dhamanah comes usually in the form of collateral whereby a debt is secured against default or failure to pay by a debtor. The debtor who provides dhamanah as a surety is typically known as al-madhmoon. Dhamanah might be provided either by a debtor or his guarantor (al-dhamen).


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