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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/4344/1/IES_Vol._17_No._1-M_Abdurrahman_Sadique.pdf
http://irep.iium.edu.my/4344/
http://www.isdb.org/irj/go/km/docs/documents/IDBDevelopments/Internet/English/IRTI/CM/downloads/IES_Articles/Vol%2017_1-Muhammad%20Abdurrahman%20Sadique.pdf
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spelling my.iium.irep.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 REM 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
institution Universiti Islam Antarabangsa Malaysia
building IIUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider International Islamic University Malaysia
content_source IIUM Repository (IREP)
url_provider http://irep.iium.edu.my/
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/4344/1/IES_Vol._17_No._1-M_Abdurrahman_Sadique.pdf
http://irep.iium.edu.my/4344/
http://www.isdb.org/irj/go/km/docs/documents/IDBDevelopments/Internet/English/IRTI/CM/downloads/IES_Articles/Vol%2017_1-Muhammad%20Abdurrahman%20Sadique.pdf
_version_ 1643605320805646336
score 13.211869

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