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“The Mudharabah is an Islamic financing contract that is used to finance trade activities. It is a type of partnership that involves the transfer of risk and reward. This type of financing is commonly used by merchants who want to expand their businesses without having to put up a large amount of capital. The main advantage of this form of financing is that the merchant does not have to spend money upfront. Instead, he receives periodic payments based on future sales. The merchant must pay interest on the funds received at the beginning of each month. He also pays a fixed fee to the financier for every transaction. ”
1) A Mudharabah is a type of partnership.
2) It is used to finance trade activity.
3) Merchants use this type of financing because they do not have to invest much money upfront.
4) Interest is paid monthly on the funds received at inception of the financing.
Musharakah is an important financing tool in Islamic banks because it is an investment formula that represents the objectives and principles of Islamic economics. Musharakah is a contract between two or more people, provided that the capital and profits are shared between them. Jurists have mentioned several types of partnership contracts with all their conditions …
In legal terminology, Murabaha is when the seller tells the buyer that he has bought a commodity at a certain price, and stipulates a profit, e.g. the seller tells the buyer: I bought this commodity for ($100), and I am selling it to you for ($110). It is common for the profit to be known …