Shari'ah position on ensuring presence of capital in joint equity based financing

Shari'ah position on ensuring presence of capital in joint equity based financing

Islamic legal texts indicate that a joint venture involving monetary capital could be set in motion on the basis of capital that is existent and present, with clear agreement regarding the share of each partner. While gradual release of capital is admissible, prior existence of capital is necessary....

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Main Author: Sadique, Muhammad Abdurrahman
Format: Article
Language:English
Published: Islamic Research and Training Institute (IRTI), Islamic Development Bank 2009
Subjects:
HG1501 Banking
KBP173.25 Islamic law and other disciplines or subjects
Online Access:http://irep.iium.edu.my/4344/
http://irep.iium.edu.my/4344/
http://irep.iium.edu.my/4344/1/IES_Vol._17_No._1-M_Abdurrahman_Sadique.pdf
id iium-4344
recordtype eprints
spelling iium-43442011-10-06T06:54:15Z http://irep.iium.edu.my/4344/ Shari'ah position on ensuring presence of capital in joint equity based financing Sadique, Muhammad Abdurrahman HG1501 Banking KBP173.25 Islamic law and other disciplines or subjects Islamic legal texts indicate that a joint venture involving monetary capital could be set in motion on the basis of capital that is existent and present, with clear agreement regarding the share of each partner. While gradual release of capital is admissible, prior existence of capital is necessary. Due to credit supplementing real money in a substantial manner, the identity of money in the current fiscal environment appears to have undergone significant change, the nature and influence of which need to be reassessed through a separate study. This is crucial for determining the form in which the existence and presence of capital could be ensured. The emphasis placed in Shari’ah on existence and presence of capital could indicate a measure for thwarting unwelcome monetary expansion, thus controlling inflation. Islamic Research and Training Institute (IRTI), Islamic Development Bank 2009-06 Article PeerReviewed application/pdf en http://irep.iium.edu.my/4344/1/IES_Vol._17_No._1-M_Abdurrahman_Sadique.pdf Sadique, Muhammad Abdurrahman (2009) Shari'ah position on ensuring presence of capital in joint equity based financing. Islamic Economic Studies, 17 (1). pp. 1-20. ISSN 1319-1616 http://www.isdb.org/irj/go/km/docs/documents/IDBDevelopments/Internet/English/IRTI/CM/downloads/IES_Articles/Vol%2017_1-Muhammad%20Abdurrahman%20Sadique.pdf
repository_type Digital Repository
institution_category Local University
institution International Islamic University Malaysia
building IIUM Repository
collection Online Access
language English
topic HG1501 Banking
KBP173.25 Islamic law and other disciplines or subjects
spellingShingle HG1501 Banking
KBP173.25 Islamic law and other disciplines or subjects
Sadique, Muhammad Abdurrahman
Shari'ah position on ensuring presence of capital in joint equity based financing
description Islamic legal texts indicate that a joint venture involving monetary capital could be set in motion on the basis of capital that is existent and present, with clear agreement regarding the share of each partner. While gradual release of capital is admissible, prior existence of capital is necessary. Due to credit supplementing real money in a substantial manner, the identity of money in the current fiscal environment appears to have undergone significant change, the nature and influence of which need to be reassessed through a separate study. This is crucial for determining the form in which the existence and presence of capital could be ensured. The emphasis placed in Shari’ah on existence and presence of capital could indicate a measure for thwarting unwelcome monetary expansion, thus controlling inflation.
format Article
author Sadique, Muhammad Abdurrahman
author_facet Sadique, Muhammad Abdurrahman
author_sort Sadique, Muhammad Abdurrahman
title Shari'ah position on ensuring presence of capital in joint equity based financing
title_short Shari'ah position on ensuring presence of capital in joint equity based financing
title_full Shari'ah position on ensuring presence of capital in joint equity based financing
title_fullStr Shari'ah position on ensuring presence of capital in joint equity based financing
title_full_unstemmed Shari'ah position on ensuring presence of capital in joint equity based financing
title_sort shari'ah position on ensuring presence of capital in joint equity based financing
publisher Islamic Research and Training Institute (IRTI), Islamic Development Bank
publishDate 2009
url http://irep.iium.edu.my/4344/
http://irep.iium.edu.my/4344/
http://irep.iium.edu.my/4344/1/IES_Vol._17_No._1-M_Abdurrahman_Sadique.pdf
first_indexed 2023-09-18T20:12:31Z
last_indexed 2023-09-18T20:12:31Z
_version_ 1777407572499759104

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