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Mudaraba as a Model of Islamic Finance

Nidaussalam, M.
Author(s)
Nidaussalam, M.
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Keywords
profit and loss sharing
islamic finance
Mudharaba
GE Subjects
Economic ethics
Ethics of economic systems
Labour/professional ethics
Religious ethics
Spirituality and ethics
Methods of ethics
Philosophical ethics
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Islamic Ethics
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http://hdl.handle.net/20.500.12424/153921
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Abstract
This paper aims to critically discuss the principles of mudharaba commitment, mainly focusing on the process of funding and financing. Sharia bank has mostly been determined by its absent of rate transaction which is officially decided in agreement between the bank and its customer (akad). Mudharaba, one of the akad variants, offers equity finance requiring profit and loss sharing (PLS). To argue, mudharaba is a cooperating commitment between two economic agencies for which the first agency expected to provide financial capital while the other takes a part in managerial work-progress. In this process, the more profit for mudharib the more profit for the investor.
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Journal volume
Date
2016
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With permission of the license/copyright holder
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