Islamic Finance

Dayn Hal

June 26, 2020
Accounting

Accounting Policies

June 26, 2020

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Arabic (دين مؤجل) for debt (dain) that need not be repaid before it falls due (i.e., on its maturity date). However, repayment can be made anytime before the due date, rendering the liability duly discharged.

Dain mu’ajjal translates as deferred debt.

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