AAOIFI Shariah Standards
Rules for Calculating Profit in Financial Transactions: Scope & Shariah Ruling
This Standard covers profit, its validity in Shariah and rules and methods of calculating and distributing it. It also explains who is entitled to profit earned from the financing and investment activities of the institutions. This Standard does not cover profit distribution in investment accounts because that is provided in a separate Standard.
Create Your FREE Account…
IslamicMarkets helps professionals navigate Islamic markets by providing powerful insights, analytics and collaboration tools.
« Al-Wakalah Bi Al-Istithmar (Investment Agency): Appendix B - The Shariah Basis for the Standard Adoption of the Standard »