Shari'ah position on ensuring presence of capital in joint equity based financing
Islamic legal texts indicate that a joint venture involving monetary capital could be set in motion on the basis of capital that is existent and present, with clear agreement regarding the share of each partner. While gradual release of capital is admissible, prior existence of capital is necessary....
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| Format: | Article |
| Language: | English |
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Islamic Research and Training Institute (IRTI), Islamic Development Bank
2009
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| Online Access: | http://irep.iium.edu.my/4344/ http://irep.iium.edu.my/4344/1/IES_Vol._17_No._1-M_Abdurrahman_Sadique.pdf |
| _version_ | 1848776314234863616 |
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| author | Sadique, Muhammad Abdurrahman |
| author_facet | Sadique, Muhammad Abdurrahman |
| author_sort | Sadique, Muhammad Abdurrahman |
| building | IIUM Repository |
| collection | Online Access |
| description | Islamic legal texts indicate that a joint venture involving monetary capital could be set in motion on the basis of capital that is existent and present, with clear agreement regarding the share of each partner. While gradual release of capital is admissible, prior existence of capital is necessary. Due to credit supplementing real money in a substantial manner, the identity of money in the current fiscal environment appears to have undergone significant change, the nature and influence of which need to be reassessed through a separate study. This is crucial for determining the form in which the existence and presence of capital could be ensured. The emphasis placed in Shari’ah on existence and presence of capital could indicate a measure for thwarting unwelcome monetary expansion, thus controlling inflation. |
| first_indexed | 2025-11-14T14:28:07Z |
| format | Article |
| id | iium-4344 |
| institution | International Islamic University Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-14T14:28:07Z |
| publishDate | 2009 |
| publisher | Islamic Research and Training Institute (IRTI), Islamic Development Bank |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | iium-43442011-10-06T06:54:15Z http://irep.iium.edu.my/4344/ Shari'ah position on ensuring presence of capital in joint equity based financing Sadique, Muhammad Abdurrahman HG1501 Banking KBP173.25 Islamic law and other disciplines or subjects Islamic legal texts indicate that a joint venture involving monetary capital could be set in motion on the basis of capital that is existent and present, with clear agreement regarding the share of each partner. While gradual release of capital is admissible, prior existence of capital is necessary. Due to credit supplementing real money in a substantial manner, the identity of money in the current fiscal environment appears to have undergone significant change, the nature and influence of which need to be reassessed through a separate study. This is crucial for determining the form in which the existence and presence of capital could be ensured. The emphasis placed in Shari’ah on existence and presence of capital could indicate a measure for thwarting unwelcome monetary expansion, thus controlling inflation. Islamic Research and Training Institute (IRTI), Islamic Development Bank 2009-06 Article PeerReviewed application/pdf en http://irep.iium.edu.my/4344/1/IES_Vol._17_No._1-M_Abdurrahman_Sadique.pdf Sadique, Muhammad Abdurrahman (2009) Shari'ah position on ensuring presence of capital in joint equity based financing. Islamic Economic Studies, 17 (1). pp. 1-20. ISSN 1319-1616 http://www.isdb.org/irj/go/km/docs/documents/IDBDevelopments/Internet/English/IRTI/CM/downloads/IES_Articles/Vol%2017_1-Muhammad%20Abdurrahman%20Sadique.pdf |
| spellingShingle | HG1501 Banking KBP173.25 Islamic law and other disciplines or subjects Sadique, Muhammad Abdurrahman Shari'ah position on ensuring presence of capital in joint equity based financing |
| title | Shari'ah position on ensuring presence of capital in joint equity based financing |
| title_full | Shari'ah position on ensuring presence of capital in joint equity based financing |
| title_fullStr | Shari'ah position on ensuring presence of capital in joint equity based financing |
| title_full_unstemmed | Shari'ah position on ensuring presence of capital in joint equity based financing |
| title_short | Shari'ah position on ensuring presence of capital in joint equity based financing |
| title_sort | shari'ah position on ensuring presence of capital in joint equity based financing |
| topic | HG1501 Banking KBP173.25 Islamic law and other disciplines or subjects |
| url | http://irep.iium.edu.my/4344/ http://irep.iium.edu.my/4344/ http://irep.iium.edu.my/4344/1/IES_Vol._17_No._1-M_Abdurrahman_Sadique.pdf |