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Kafil

In a contract of kafalah (or kifalah), it is the party who provides assurances as to the performance of an…

Kafalat-ul Souq

A type of guaranty (guarantee, or kafalah in Arabic) in which a third-party guarantees all of a trader’s debts, as…

Kafalat Al-Dayn

A type of guaranty (kafalah) that involves the credit enhancement of a liability. According to the Hanbali and Shafi’e schools…

Credit Guaranty

A contract of guaranty which is used to secure debts, retaliatory financial obligations (qisas), or other obligations, in the presence…

Contingent Kafalah

A kafalah agreement that becomes effective upon occurrence of some future event. The guarantor (kafeel) will not provide kafalah coverage…

Suretyship

Or kafalah in Arabic. It denotes an act by which a third party to a contract or transaction accepts to…

Market Guaranty

A type of guaranty (guarantee or kafalah in Arabic) in which a third-party guarantees all of a trader’s debts, as…

Al-Kafil

In a contract of al-kafalah (or al-kifalah), it is the party who provides assurances as to the performance of an...

Kafalah Muqayyadah

A guarantee/ guaranty/ suretyship (kafalah) that is restricted by description (e.g. deferred or current). It is permissible to restrict a...

Kafalah Mutlaqah

A mode of guarantee/ guaranty/ suretyship (kafalah) that is free from any condition whether in the form of deferment, acceleration,...