Monetary and banking implications of the shari‘ah emphasis on existence of capital at the outset of joint ventures

• Main Author: Sadique, Muhammad Abdurrahman
• Format: Conference or Workshop Item
• Language: English; English; English
• Published: 2012
• Subjects: HB501 Capital. Capitalism; HG1501 Banking; HG201 Money; HG3691 Credit; KBP639 Muʻāmalāt
• Online Access: http://irep.iium.edu.my/24317/8/Dr._Sadique_-_Monetary_and_Banking_Implications_of_the_Shari%25E2%2580%2599ah_Emphasis_on_Existence_of_Capital_at_the_Outset_of_Joint_Ventures-M_Abdurrah-1.pdf; http://irep.iium.edu.my/24317/2/%D8%B5%D8%AF%DB%8C%D9%82.pdf; http://irep.iium.edu.my/24317/3/Programme.pdf; http://irep.iium.edu.my/24317/; http://www.mbri.ac.ir/Portal/Home/ShowPage.aspx?Object=GeneralText&ID=7248487c-685a-4514-b53c-bff63da4c619&LayoutID=43b97ce6-1db0-4ce9-9e79-64cfe1678b15&CategoryID=bfb79612-0ffb-4f69-9678-a1b2742efa48

This study attempts to verify the shari‘ah position on existence of capital in the context of joint ventures financed by Islamic banks, based on their current practice. The position of Islamic schools of law on the issue is ascertained from their major sources, and the implications of the shari‘ah...