Mudarabah financing is a kind of partnership where one partner contributes money (i.e. the financier) to another (entrepreneur, who contributes his expertise, skill, knowledge, labour, idea), for investing in a commercial enterprise. 1,908 more words
Tags » Islamic Finance
Islamic banks cannot charge interest on financing transactions, hence, they have to seek alternative business processed to finance entrepreneurs who are not ‘borrowers’ as the case with conventional banks but are either partners (equity based), customers (trade based) or lessees (lease based) to the Islamic bank. 1,041 more words
UAE editor Paul Lee details how Western courts have married Western and Islamic finance without compromising the principle of fair competition.
The regulation of Islamic finance has generally been an area to which Western jurisdictions have devoted limited attention, and courts and regulators have been forced to step in ad hoc to fill necessary gaps. 2,199 more words