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Contemporary practices of musharakah in financial transactions

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dc.contributor.authorTakao Moriguchi
dc.contributor.authorMudeer Ahmed Khattak
dc.contributor.authorMuhammad Farhan
dc.contributor.authorMohamad Firdaus
dc.contributor.authorAsas Worasutr
dc.contributor.authorAndi Lukman Hakim
dc.contributor.authorFikry Musthafa
dc.contributor.authorAishath Muneeza
dc.date.accessioned2017-02-01T14:48:16Z
dc.date.available2017-02-01T14:48:16Z
dc.date.issued2016
dc.description.abstractMusharakah, which is translated as 'joint venture or partnership' or 'profit and loss sharing contract' is regarded as an ideal financing contract in Islamic finance. Musharakah has been applied to Islamic banking and Islamic capital market across the world and it is also proposed as one of alternative model in takaful business. Musharakah contract is also combined with other contracts and interesting products such as Musharakah Mutanaqisa has been developed. However, there are considerations concerning the principles of Shariah. This paper aims to discuss these matters and offer recommendations in order for Musharakah to be more widely accepted and adopted by the Muslim communities across the world. It is anticipated further research can be conducted to find out the implication of applying AAOIFI resolution on Musharakah or equity based products to find out the effect of it on different jurisdictions with different domestic laws and rules.en_US
dc.identifier.citationMoriguchi, T., Khattak, M. A., Farhan, M., Firdaus, M., Worasutr, A., Hakim, A. L., Musthafa, F., & Muneeza, A. (2016). Contemporary practices of musharakah in financial transactions. International Journal of Management and Applied Research, 3(2), 65-76. https://doi.org/10.18646/2056.32.16-005en_US
dc.identifier.doihttps://doi.org/10.18646/2056.32.16-005
dc.identifier.issn2056-757X
dc.identifier.urihttps://ikr.inceif.org/handle/INCEIF/2166
dc.languageEnglish
dc.language.isoengen_US
dc.publisherNew Millennium Discoveriesen_US
dc.rights2016. New Millennium Discoveries
dc.sourceSEDONA
dc.subjectIslamic financeen_US
dc.subjectMusharakahen_US
dc.subjectShariahen_US
dc.subjectTakafulen_US
dc.subjectEquity participation contracten_US
dc.subjectProfit and loss sharingen_US
dc.subjectFinancing contracten_US
dc.subjectSukuken_US
dc.titleContemporary practices of musharakah in financial transactionsen_US
dc.typeJournal Articleen_US
dlc.maintopicMuamalat contracts
dlc.subtopicMusharakah
dspace.entity.typePublication
ikr.doctypeScholarly Works
ikr.topic.maintopicMuamalat contractsen_US
ikr.topic.subtopicMuamalat contractsen_US
relation.isAuthorOfPublication81014255-5cb8-46bc-ad81-bf6d8a3a0702
relation.isAuthorOfPublication81014255-5cb8-46bc-ad81-bf6d8a3a0702
relation.isAuthorOfPublication81014255-5cb8-46bc-ad81-bf6d8a3a0702
relation.isAuthorOfPublication.latestForDiscovery81014255-5cb8-46bc-ad81-bf6d8a3a0702
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