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Islamic Finance




Dain Muwathaq


Arabic (دين موثق) for debt (dain) that is backed by an asset (collateral or rahn) owned by the debtor (madeen) to ensure repayment of the debt. If not repaid as stipulated in the contract (aqd), the creditor can dispose of the asset to recover his debt.

Dain muwathaq translates as secured debt.



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