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Definition of



contract whereby one person underwrites obligation of another in Islamic financing, a contract of guarantee in which the guarantor agrees to be responsible for a debt or obligation of another.

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Definitions of ’daman’ and meaning of ’daman’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’daman’ and other financial terms with our online QFINANCE Financial Dictionary.

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