Daman al-talaf

https://islamicmarkets.com/index.php/dictionary/d/daman-al-talaf
Copy URL

Dictionary term

Definition of "Daman al-talaf"

Guarantee to make good any loss that may occur to the property of someone while in safe custody of the guarantor. The term has been applied in the model of riba-free banking where the bank guarantees demand deposits against any loss.


Get access to 300+ modules today and learn from expert trainers...