The Basic Features of Mudarabah
2/8/2012 11:02:42 AM
Asif Shamim
Assistant Professor, Bahria University
The first contract we shall discuss is the Mudarabah contract, which is a form of partnership between two or more entities. The first party provides the funds, while the management and work is the exclusive responsibility of the second party. The financier is known as ‘rabb-ul-mal’ and the entrepreneur as ‘Mudarib’.
No comments:
Post a Comment