Difference between revisions of "Mudarabah by Muhammad Zubair Usmani"

Revision as of 03:42, 20 September 2016

Top 20 FREQUENT WORDS

mudarabah 37 mudarib 23 profit 20 maal 13 rabb 10 loss 8 distribution 6 partner 6 termination 6 assets 5 parties 5 ratio 5 agreed 4 business 4 called 4 investors 4 actual 3 amount 3 cash 3 collective 3 distributed 3 enterprise 3 expenses 3 goods 3 investor 3 juristic 3 muqayyadah 3 mutlaqah 3 rab 3 restricted 3 unrestricted 3

DOCUMENT KEY POINTS

jamia darul uloom karachi at alhuda cibe workshop at nibaf state bank of pakistan a islamabad
the concept of mudarabah doctor muhammad zubair usmani sharia advisor muslim commercial bank ltd

i R the investment comes from the first partner who is called rabb ul maal investor while the management and work is an exclusive responsibility of the other who is called mudarib working partner and the profits generated are shared in a predetermined ratio
definition i R this is a kind of partnership where one partner gives money to another for investing in a commercial enterprise

al mudarabah al muqayyadah restricted mudarabah
types of mudarabah

al mudarabah al muqayyadah restricted mudarabah rabb ul maal may specify a particular business or a particular place for the mudarib in which case he shall invest the money in that particular business or place
this is called al mudarabah al muqayyadah restricted mudarabah

shareek partner in case the enterprise earns a profit he is a partner of rabb ul maal who shares the profit in agreed ratio
ameen trustee the money given by rabb ul maal investor and the assets required therewith are held by him as a trust

zamin liable if the enterprise suffers a loss due to his negligence or misconduct he is liabel to compensate the loss
ajeer employee if the mudarabah becomes void due to any reason the mudarib is entitled to get a fee for his services

capital of mudarabah i R the capital in mudarabah may be either cash or in kind
if the capital is in kind its valuation is necessary without which mudarabah becomes void

distribution of profit loss i R it is necessary for the validity of mudarabah that the parties agree right at the beginning on a definite proportion of the actual profit to which each one of them is entitled
i R however in case the parties have entered into mudarabah without mentioning the exact proportions of the profit it will be presumed that they will share the profit in equal ratios

distribution of profit loss i R apart from the agreed proportion of the profit the mudarib cannot claim any periodical salary or a fee or remuneration for the work done by him for the mudarabah
i R the mudarib rabb ul maal cannot allocate a lump sum amount of profit for any party nor can they determine the share of any party at a specific rate tied up with the capital

out of the profit shall be the share of the mudarib nor can they say that of the capital shall be given to rab ul maal
however they can agree that of the actual profit shall go to the mudarib and to the rab ul maal or vice versa

termination of mudarabah i R mudarabah can be terminated any time by either of the two parties by giving notice

distribution at termination i R if all assets of the mudarabah are in cash form at the time of termination and some profit has been earned on the principal amount it shall be distributed between the parties according to the agreed ratio
i R if the assets of mudarabah are not in cash form they will be sold and liquidated so that the actual profit may be determined

distribution at termination i R if there is a profit it will be distributed between mudarib and rab ul maal
i R if no profit is left mudarib will not get anything

collective mudarabah i R collective mudarabah means a joint i R pool created by many investors and handled over to a single mudarib who is normally a juristic person
i R collective mudarabah creates two different relationships i R relationship between investors inter se which is shirkah or partnership

when mudarib is a juristic person i R who is the mudarib i R shareholders i R management or directors i R juristic person i R expenses of mudarabah i R direct expenses are borne by the mudarabah pool
i R indirect expenses are borne by the mudarib

i R redemption before maturity i R if the assets of mudarabah are in illiquid form an investor may redeem his share by selling it to the pool i R if the assets are in liquid form a provisional amount may be given to him subject to final settlement
running mudarabah i R investors come in and go out at different dates i R profits are calculated on daily product basis

Please note, This is an auto generated summary based on sentances position in the document and other factors

DOCUMENT WORD ANALYSIS

Main Category

AlHuda Material\islamic banking

KeyWords

contract price sale asset financing lease client purchase ijarah payment profit musharakah lessee amount commodity housing agreement contracts ownership project

DOCUMENT REFERENCES

Number of Pages

20

Published Date

2016-09-17 00:27:16

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Difference between revisions of "Mudarabah by Muhammad Zubair Usmani"

Revision as of 03:42, 20 September 2016

Contents

Top 20 FREQUENT WORDS

DOCUMENT KEY POINTS

DOCUMENT WORD ANALYSIS

Main Category

KeyWords

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Number of Pages

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