publication . Article . 2015

The Muḍāraba Facility: Evolution, Stasis and Contemporary Revival

Muhammed-Shahid Ebrahim; Mustapha Sheikh;
Open Access
  • Published: 10 Aug 2015
  • Publisher: Brill
  • Country: United Kingdom
Abstract
<jats:p>The age-old concept of partnership was seen by Muslim jurists from the 8th century Hijra onwards as a sacrosanct commercial arrangement—and, therefore, subjected to a form of fixity which is unparalleled in any other religious tradition. Since the formative period of Islamic law, the limited-liability partnership, or <jats:italic>muḍāraba</jats:italic>, a specific variation of the over-arching <jats:italic>mushāraka</jats:italic> partnership, has continued to hold central importance for Muslims. Yet, despite this centrality, it has not been examined with a view to reformulating it for contemporary Islamic banking and finance. This has led to its virtual ...
Subjects
free text keywords: Participating preferred ijāra, Rabb al-māl, Mushāraka, Muḍāraba, Sunna., Law, Restructuring, Sociology, Neglect, media_common.quotation_subject, media_common, Sharia, Formative assessment, Centrality, General partnership, Islamic banking
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publication . Article . 2015

The Muḍāraba Facility: Evolution, Stasis and Contemporary Revival

Muhammed-Shahid Ebrahim; Mustapha Sheikh;