Shari'ah position on ensuring presence of capital in joint equity based financing

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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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Bibliographic Details
Main Author:	Sadique, Muhammad Abdurrahman
Format:	Article
Language:	English
Published:	Islamic Research and Training Institute (IRTI), Islamic Development Bank 2009
Subjects:	HG1501 Banking KBP173.25 Islamic law and other disciplines or subjects
Online Access:	http://irep.iium.edu.my/4344/ http://irep.iium.edu.my/4344/1/IES_Vol._17_No._1-M_Abdurrahman_Sadique.pdf

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