Monday, February 18, 2013

0 Definition of Mudarabah in the Islamic Finance

Mudarabah acooperation agreement in which the owner of the property gives the mudharib or people who work a form of property that is managed and the result are devided among the two according to the agreement they made.
  
Another definition by Afzalur Rohman, mudaraba partnership contract means the based on the principle of profit sharing by someone giving their money to someone else to do the bussines and both parties share the profits or bear the burden of losses based on the content of colective agreements. First party or the owners capital are called shahibul mall and second party or manager called mudharib.


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