AAOIFI Shariah Standards
Mudarabah: Appendix B - The Shariah Basis for the Standard
Permissibility of Mudarabah and Its Rationale
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Mudarabah, known also as Qirad, is a contract that arranges cooperation in business investment between capital on one hand and entrepreneurship on the other, whereby the contracting parties jointly and commonly own the realised profit as per the agreement. The party providing the capital is known Rab al-Mal and the investor is known as Mudarib or ’Amil (literally. worker) or Muqarid.
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