Uses of Musharakah and Mudarabah
Musharakah and Mudarabah modes of financing can be used in the following areas:
Asset Side Financing
- Short/medium/long - term financing
- Project financing
- Small & medium enterprises setup financing
- Large enterprise financing
- Import financing
- Import bills drawn under import letters of credit
- Inland bills drawn under inland letters of credit
- Bridge financing
- LC without margin (for Mudarba)
- LC with margin (for Musharakah)
- Export financing (Pre-shipment financing)
- Working capital Financing
- Running accounts financing / short term advances
Liability Side Financing
- For current/ saving/mahana amdani/ investment ccounts (deposit giving Profit based on Musharkah/Mudarbah – with predetermined ratio )
- Inter- Bank lending / borrowing
- Term Finance Certificates & Certificate of Investment
- T-Bill and Federal Investment Bonds / Debenture.
- Securitization for large projects (based on Musharkah)
- Certificate of Investment based on Murabahah (Eg: Al Meezan Riba Free )
- Islamic Musharakah bonds (based on projects requiring large amounts – profit based on the return from the project)
Source: Dr. Muhammad Imran Ashraf Usmani, Meezan Bank’s Guide to Islamic Banking.
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Hammoudi puts the problem this way:
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Money and Capital Reconsidered
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Difference between Islam, Capitalism and Socialism
Factors of Productions in Islam: Capitalist View
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Distribution of Wealth in Islam
Definition and classification of Musharakah
Rules & Conditions of Shirkat-ul-Aqd
Uses of Musharakah and Mudarabah
Basic mistakes in Murabahah Financing
Features of a Conventional Bank
