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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| Format: | Article |
| Language: | English |
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Islamic Research and Training Institute (IRTI), Islamic Development Bank
2009
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| 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 |