Fuduli – Fincyclopedia
Search
Generic filters
Filter by Categories
Accounting
Banking

Islamic Finance




Fuduli


In its literal meaning, fuduli refers to a person who interferes in matters that are none of his business. Technically, fuduli is one who disposes of someone’s rights and obligations without prior legal permission or authorization. In this sense, a fuduli could not be a guardian (walii), principal (muwakkel), or agent (wakeel) in a contract, as all these people must have an established right or a prior authorization to dispose. The behavior of a fuduli is subject to varying juristic rulings, depending on the transaction itself (i.e., sale, lease, etc).

Fuduli is an Arabic word that translates as interloper.



ABC
The last three decades have witnessed the modern rebirth of Islamic finance both in terms of literature and practice. Islamic banks and ...
Watch on Youtube
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    Your email address will not be published.*