Daman al-Mal

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Daman al-Mal

In Islamic law, the legal liability to pay the debts of a partnership. Daman al-mal may be divided among the partners in various ways, depending on the nature of the partnership. See also: Musharika, Mudharaba.
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References in periodicals archive ?
Daman al-maal: Liability for the debts of the partnership; the usual form of liability underlying all partnerships, especially one formed based on wealth.