Arabic (كفالة معلقة/ كفالة معلقة بالشرط) for conditional kifalah; a kifalah agreement that becomes effective if certain conditions are met. In other words, the guarantee/ suretyship comes into force when the conditions (shurut/ pl. of shart) are met/ satisfied as agreed between the parties. For example, someone may accept to guarantee a debtor if the latter owes less than a specific amount of money (say, $10,000). In such a case, the guarantee will take effect when the principal debtor is indebted for $10,000 or less.
This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.
Comments