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Definition of



agreement to pay debt of another who defaults in Islamic financing, an agreement in which one party assumes responsibility for the debt of another if the debtor should fail to pay

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

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