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Examples
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Since Islam forbids the use of interest, sharia-compliant mortgages rely on a "diminishing musharaka" contract to help Muslims finance homebuying.
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In musharaka, the entrepreneur adds some of his own capital to that supplied by the investors, exposing himself to the risk of capital loss.
NextBillion.net - Development Through Enterprise - Eradicating Poverty through Profit 2010
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In the new tax plan, the Treasury will deem profit made from murabahah, mudarabah and diminishing musharaka deals as interest, exempting proceeds below 22,300 rand
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Further explanations of how murabaha, mudaraba and musharaka* reduce risk and repayment burdens for loan recipients, courtesy of the Al-Bab news portal (entries are abridged/paraphrased):
NextBillion.net - Development Through Enterprise - Eradicating Poverty through Profit 2010
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AAOIFI ruled last year that repurchase undertakings -- a pledge found in most Islamic bonds that the borrower would pay back their face value at maturity -- violates the duty to share risk in sukuk mudaraba and musharaka.
Forbes.com: News 2009
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The ijara principle is increasingly preferred over alternative types of structure, such as mudaraba and musharaka, which contain profit-sharing components and hence greater exposure to market turbulence.
unknown title 2009
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"According to Shariah principles, musharaka does not require collateral as conventional banks do," Abdel Wahab says.
unknown title 2009
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"According to Shariah principles, musharaka does not require collateral as conventional banks do," Abdel Wahab says.
unknown title 2009
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Ajman Bank aims to operate as a full-fledged Islamic bank supporting the on-going social and economic developments in Ajman by providing Shariah-compliant products and services including murabaha, mudarabah, istisna'a, musharaka, and ijara and other innovative Islamic products and services catering to the needs of the local market.
Bloggers.Pakistan 2008
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Akram cited the diminishing musharaka and takaful, or Islamic insurance, as examples of pure breed Islamic products that are not derived from conventional finance.
Bloggers.Pakistan 2008
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