Tel: +(852) 2273-4393We’ve been working hard on re-launching our Islamic Finance & Banking online course and now it’s ready! The revised online course is now known as the Islamic Finance & Banking Certificate-Level 1.
Istisna in Islamic Finance & Banking
February 17, 2012 By
Here is a free sample from our Islamic Finance & Banking online course on Istisna: [Read more...]
What is Musharakah?
May 5, 2010 By
The literal meaning of Musharakah is sharing. The root of the word “Musharakah” in Arabic is Shirkah means being a partner.
Under Islamic jurisprudence, Musharakah means a joint enterprise formed for conducting some business in which all partners share the profit according to a specific ratio while the loss is shared according to the ratio of the contribution.
It is an ideal alternative for the interest based financing with far reaching effects on both production and distribution. The connotation of this term is little limited than the term “Shirkah” more commonly used in the Islamic jurisprudence.
The above is an excerpt from the Islamic Financial Concepts online training course. Click here to learn more about Islamic Financial concepts.
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