Al-shirkah al-mutanaqisah
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Definition of "Al-shirkah al-mutanaqisah"
Lit: Diminishing partnership. Tech: A contract of partnership in an income-generating asset or venture, according to which one partner ends up owning that asset or venture at an agreed time schedule. One form of a ‘diminishing partnership’ is where the bank’s share is sold to the other party at a nominal value utilizing the income generated from the asset itself.