Warning: Creating default object from empty value in /hermes/bosnacweb04/bosnacweb04ai/b1550/ipg.lantanasolutionsbh98965/fincyclopedia/wp-content/plugins/independent-core/admin/ReduxCore/inc/class.redux_filesystem.php on line 29 Contingent Kafalah – Fincyclopedia
[wpdreams_ajaxsearchpro id=44 ]

Islamic Finance


[addtoany]
Notice: Undefined variable: myString in /hermes/bosnacweb04/bosnacweb04ai/b1550/ipg.lantanasolutionsbh98965/fincyclopedia/wp-content/themes/independent/template-parts/post/content-single.php on line 41

Contingent Kafalah


A kafalah agreement that becomes effective upon occurrence of some future event. The guarantor (kafeel) will not provide kafalah coverage unless a certain incident happens. For example, a person may agree to guarantee another if the latter lends a specific amount to a designated person. Also, a person may offer to guarantee another person three months from now (in this particular meaning, the contract is called a time-based kafalah). Not all schools of Islamic law permit time-based kafalah.

It is also referred to as kafalah mudhafah.


[related_posts_by_tax title="See also" posts_per_page="10" taxonomies="post_tag"]

[pt_view id=d3cfcfcp7w]
[su_box title="Watch on Youtube" style="soft" box_color="#f5f5f5" title_color="#282828" radius="2" class="" id=""][su_row class=""][su_column size="1/1" center="yes" class=""] [/su_column][/su_row][/su_box]
Remember to read our privacy policy before submission of your comments or any suggestions. Please keep comments relevant, respectful, and as much concise as possible. By commenting you are required to follow our community guidelines.

Comments


    Leave Your Comment

    Your email address will not be published.*