Islamic Finance Law from A-Z

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Daman/kafala

Taking liability, responsibility – contract of guarantee; responsibility of entrepreneur/manager of a business.

Darer

Overriding necessity

Dayn

Debt; goods of indeterminate category that can be used for payment of liabilities; a liability to pay which results from any credit transaction like purchase/sale on credit or due rentals in Ijarah (leasing). A Dayn comes into existence as a result of any other contract or credit transaction.

Dhimmah

Dhimmah is a basic term in fiqh al-mu`amalat which roughly corresponds to the concept of liability. A debt is said to be "established in someone's dhimmah" if he is in debt to someone else. The fuqaha' also speak about a person's dhimmah "being occupied " and "being cleared." The concept of dhimmah may be likened to a virtual liability container which it may be said that every responsible person has. These containers, it may be imagined, are constantly being filled with rights and obligations--such as the obligation to repay someone.

Dinar

A gold coin used by Muslims throughout Islamic history. The standard mass of the dinar which is referred to in Fiqh is 1 mithqal (app. 4.25 grams.)

Dirham

Currency in the form of silver coins prevalent in the past. 

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