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Islamic Finance




Restricted Hawalah


A hawalah in which the payer is restricted to settling the amount of the assigned/ transferred debt (dain/ dayn) from the amount of a financial or tangible asset that belongs to the assignor/ transferor and is currently in the possession of the payer.

The restricted hawalah/ restricted debt assignment (الحوالة المقيدة) is permissible under shari’ah.



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