Issues and challenges in offering muḍārabah and mushārakah products in Islamic finance

The study aims to explore the views of scholars, bankers and entrepreneurs in promoting muḍārabah and mushārakah based contracts and to analyse their views to strengthening those practises. The study utilized qualitative research approach which consists of document analysis, interviews and observati...

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Main Authors:	Asmadi Mohamed Naim, Mahyuddin Abu Bakar, Muḥammad Nasri Md. Hussein, Mohamad Noor Habibi Long
Format:	Article
Language:	English
Published:	Penerbit Universiti Kebangsaan Malaysia 2016
Online Access:	http://journalarticle.ukm.my/10804/ http://journalarticle.ukm.my/10804/ http://journalarticle.ukm.my/10804/1/9748-43012-1-PB.pdf

id	ukm-10804
recordtype	eprints
spelling	ukm-108042017-10-10T13:14:18Z http://journalarticle.ukm.my/10804/ Issues and challenges in offering muḍārabah and mushārakah products in Islamic finance Asmadi Mohamed Naim, Mahyuddin Abu Bakar, Muḥammad Nasri Md. Hussein, Mohamad Noor Habibi Long, The study aims to explore the views of scholars, bankers and entrepreneurs in promoting muḍārabah and mushārakah based contracts and to analyse their views to strengthening those practises. The study utilized qualitative research approach which consists of document analysis, interviews and observations in few phases. The study found few industrial concerns such as the needs on checks and balances in muḍārabah and mushārakah to avoid failure; the lacking of some good qualities and hence certain conditions must be imposed on entrepreneurs if they want to conduct business based on mushārakah or muḍārabah contracts. In addition, although all respondents agreed that the ḍamān concept is actually contrary to the concept of muḍārabah (muqtaḍā al-ʿaqd), they still stress the need for a mechanism to make entrepreneurs serious in conducting the business. However, the disappointing conclusion derived from the interviews is that the industry is quite reluctant to enhance their participation in muḍārabah- and mushārakah-based products. Penerbit Universiti Kebangsaan Malaysia 2016 Article PeerReviewed application/pdf en http://journalarticle.ukm.my/10804/1/9748-43012-1-PB.pdf Asmadi Mohamed Naim, and Mahyuddin Abu Bakar, and Muḥammad Nasri Md. Hussein, and Mohamad Noor Habibi Long, (2016) Issues and challenges in offering muḍārabah and mushārakah products in Islamic finance. Jurnal Pengurusan, 46 . pp. 137-147. ISSN 0127-2713 http://ejournal.ukm.my/pengurusan/issue/view/805
repository_type	Digital Repository
institution_category	Local University
institution	Universiti Kebangasaan Malaysia
building	UKM Institutional Repository
collection	Online Access
language	English
description	The study aims to explore the views of scholars, bankers and entrepreneurs in promoting muḍārabah and mushārakah based contracts and to analyse their views to strengthening those practises. The study utilized qualitative research approach which consists of document analysis, interviews and observations in few phases. The study found few industrial concerns such as the needs on checks and balances in muḍārabah and mushārakah to avoid failure; the lacking of some good qualities and hence certain conditions must be imposed on entrepreneurs if they want to conduct business based on mushārakah or muḍārabah contracts. In addition, although all respondents agreed that the ḍamān concept is actually contrary to the concept of muḍārabah (muqtaḍā al-ʿaqd), they still stress the need for a mechanism to make entrepreneurs serious in conducting the business. However, the disappointing conclusion derived from the interviews is that the industry is quite reluctant to enhance their participation in muḍārabah- and mushārakah-based products.
format	Article
author	Asmadi Mohamed Naim, Mahyuddin Abu Bakar, Muḥammad Nasri Md. Hussein, Mohamad Noor Habibi Long,
spellingShingle	Asmadi Mohamed Naim, Mahyuddin Abu Bakar, Muḥammad Nasri Md. Hussein, Mohamad Noor Habibi Long, Issues and challenges in offering muḍārabah and mushārakah products in Islamic finance
author_facet	Asmadi Mohamed Naim, Mahyuddin Abu Bakar, Muḥammad Nasri Md. Hussein, Mohamad Noor Habibi Long,
author_sort	Asmadi Mohamed Naim,
title	Issues and challenges in offering muḍārabah and mushārakah products in Islamic finance
title_short	Issues and challenges in offering muḍārabah and mushārakah products in Islamic finance
title_full	Issues and challenges in offering muḍārabah and mushārakah products in Islamic finance
title_fullStr	Issues and challenges in offering muḍārabah and mushārakah products in Islamic finance
title_full_unstemmed	Issues and challenges in offering muḍārabah and mushārakah products in Islamic finance
title_sort	issues and challenges in offering muḍārabah and mushārakah products in islamic finance
publisher	Penerbit Universiti Kebangsaan Malaysia
publishDate	2016
url	http://journalarticle.ukm.my/10804/ http://journalarticle.ukm.my/10804/ http://journalarticle.ukm.my/10804/1/9748-43012-1-PB.pdf
first_indexed	2023-09-18T19:58:28Z
last_indexed	2023-09-18T19:58:28Z
_version_	1777406688814432256

Issues and challenges in offering muḍārabah and mushārakah products in Islamic finance

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