Al-mal al-gha'ib

Dictionary term

Definition of "Al-mal al-gha'ib"

Lit: Absent cash, capital not immediately available for use. Tech: Relating to the law of shirkah al-mufawadah, no partnership can be valid with al-mal al-gha’ib. Al-mal al-hadir (ready cash) is a necessary condition for a lawful partnership agreement.

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