Applications of decreasing partnership (al-mushārakah al-mutanāqiÎah) in Islamic banking: Some relevant Shari‘ah aspects

Decreasing partnership based modes could be adopted with advantage for financing asset procurement as well as projects in a variety of situations. The shari‘ah admissibility of this mode essentially depends on the reality and independent functioning of the various contracts. Diverse capacities the...

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Main Author:	Sadique, Muhammad Abdurrahman
Format:	Article
Language:	English
Published:	International Islamic University Malaysia 2012
Subjects:	HG1501 Banking HG4001 Financial management. Business finance. Corporation finance. KBP639 Muʻāmalāt
Online Access:	http://irep.iium.edu.my/27212/ http://irep.iium.edu.my/27212/1/Applications_of_Decreasing_Partnership_in_Islamic_Banking-Some_Relevant_Shari%27ah_Aspects-M_Abdurrahman_Sadique.pdf

id	iium-27212
recordtype	eprints
spelling	iium-272122013-04-10T05:14:56Z http://irep.iium.edu.my/27212/ Applications of decreasing partnership (al-mushārakah al-mutanāqiÎah) in Islamic banking: Some relevant Shari‘ah aspects Sadique, Muhammad Abdurrahman HG1501 Banking HG4001 Financial management. Business finance. Corporation finance. KBP639 Muʻāmalāt Decreasing partnership based modes could be adopted with advantage for financing asset procurement as well as projects in a variety of situations. The shari‘ah admissibility of this mode essentially depends on the reality and independent functioning of the various contracts. Diverse capacities the parties undertake through the component contracts should be effectively reflected, especially through fulfilling the duties pertaining to ownership and lease, and accepting the liabilities involved. Gaining legal recognition for the component contracts should be attempted for. In decreasing partnership for ventures, the equity structure should not be based on terms favourable to one party alone. Replacing the legally binding promise to purchase with an understanding to that effect, giving the partners a choice in the matter, could be more conducive towards the equity relationship. International Islamic University Malaysia 2012-06-30 Article PeerReviewed application/pdf en http://irep.iium.edu.my/27212/1/Applications_of_Decreasing_Partnership_in_Islamic_Banking-Some_Relevant_Shari%27ah_Aspects-M_Abdurrahman_Sadique.pdf Sadique, Muhammad Abdurrahman (2012) Applications of decreasing partnership (al-mushārakah al-mutanāqiÎah) in Islamic banking: Some relevant Shari‘ah aspects. IIUM Law Journal, 20 (1). pp. 1-27. ISSN 0128-2530
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	HG1501 Banking HG4001 Financial management. Business finance. Corporation finance. KBP639 Muʻāmalāt
spellingShingle	HG1501 Banking HG4001 Financial management. Business finance. Corporation finance. KBP639 Muʻāmalāt Sadique, Muhammad Abdurrahman Applications of decreasing partnership (al-mushārakah al-mutanāqiÎah) in Islamic banking: Some relevant Shari‘ah aspects
description	Decreasing partnership based modes could be adopted with advantage for financing asset procurement as well as projects in a variety of situations. The shari‘ah admissibility of this mode essentially depends on the reality and independent functioning of the various contracts. Diverse capacities the parties undertake through the component contracts should be effectively reflected, especially through fulfilling the duties pertaining to ownership and lease, and accepting the liabilities involved. Gaining legal recognition for the component contracts should be attempted for. In decreasing partnership for ventures, the equity structure should not be based on terms favourable to one party alone. Replacing the legally binding promise to purchase with an understanding to that effect, giving the partners a choice in the matter, could be more conducive towards the equity relationship.
format	Article
author	Sadique, Muhammad Abdurrahman
author_facet	Sadique, Muhammad Abdurrahman
author_sort	Sadique, Muhammad Abdurrahman
title	Applications of decreasing partnership (al-mushārakah al-mutanāqiÎah) in Islamic banking: Some relevant Shari‘ah aspects
title_short	Applications of decreasing partnership (al-mushārakah al-mutanāqiÎah) in Islamic banking: Some relevant Shari‘ah aspects
title_full	Applications of decreasing partnership (al-mushārakah al-mutanāqiÎah) in Islamic banking: Some relevant Shari‘ah aspects
title_fullStr	Applications of decreasing partnership (al-mushārakah al-mutanāqiÎah) in Islamic banking: Some relevant Shari‘ah aspects
title_full_unstemmed	Applications of decreasing partnership (al-mushārakah al-mutanāqiÎah) in Islamic banking: Some relevant Shari‘ah aspects
title_sort	applications of decreasing partnership (al-mushārakah al-mutanāqiîah) in islamic banking: some relevant shari‘ah aspects
publisher	International Islamic University Malaysia
publishDate	2012
url	http://irep.iium.edu.my/27212/ http://irep.iium.edu.my/27212/1/Applications_of_Decreasing_Partnership_in_Islamic_Banking-Some_Relevant_Shari%27ah_Aspects-M_Abdurrahman_Sadique.pdf
first_indexed	2023-09-18T20:40:28Z
last_indexed	2023-09-18T20:40:28Z
_version_	1777409331195543552

Applications of decreasing partnership (al-mushārakah al-mutanāqiÎah) in Islamic banking: Some relevant Shari‘ah aspects

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