http://wiki.islamicfinance.de/index.php?action=history&feed=atom&title=Kafalah 2026-06-15T09:54:15Z Revision history for this page on the wiki MediaWiki 1.27.0 http://wiki.islamicfinance.de/index.php?title=Kafalah&diff=49&oldid=prev 2010-10-11T09:29:49Z

<p></p> <p><b>New page</b></p><div>(Ar. كفالة) Arabic term for guarantee. <br /> <br /> [[Kafalah bi al-mal]] could be divided into:<br /> [[Kafalah bi al-dayn]], is a guarantee for a debt owed by a party,<br /> [[Kafalah bi al-`ayn]], is a guarantee for a tangible property or for the delivery of an object of a contract,<br /> [[Kafalah Al Darak]], is a guarantee for a property that is free from any encumbrance or claim.<br /> <br /> Kafalah belongs to the charitable contracts, for which no compensation is foreseen in classical [[Fiqh]]. <br /> <br /> Banks can charge for [[Kafalah bi al-dayn]] an administration fee unrelated to time and credit risk, and hence only issue a Kafalah if they are fully collaterialised, e.g. in international trade. Some scholars do allow a compensation according to the concept of [[Ujr Dhaman]].<br /> <br /> ==References==<br /> *[http://www.bnm.gov.my/microsites/financial/pdf/resolutions/14_basis_of_rulings.pdf Classification of Kafalah Bi al-Mal, p. 78.]</div>

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