| To separate, disjoin and redeem.
Tech: During fourteenth century Nasrid Spain used in commercial
legal transactions to mean redemption of pledges and debts. In
Andalus this term was applied to an intermediary who was paid by
the relatives of a person in the enemy territory to buy the
liberty of the person by paying the required amount to the enemy.
Gradually, alfakkak grew in size and functions and started earning
commission from both parties. Other functions performed by him
were bargaining of ransoms, trading in silk, lending and dealing
in debased currencies, etc. He seems to be the professional
money-lender of the then Muslim Spain. |
