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Hiwalah - Coggle Diagram
Hiwalah
Definition
Mojority of Muslim scholar define hiwalah al-dayn: the transfer of debt from one person (the debtor) to another person.
Techically: comprises two kinds nemely hiwalah al-haq (transfer right) and hiwalah al-dayn (transfer of debt from the transferor (muhil) to the payer(muhil 'alayh))
Hanafi scholar define hiwalah al-dayn: it is as the transfer of the right to demand from the debtor to another liable person.
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