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Mukarakah Essay

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UNIVERSITY OF CENTERAL PUNJAB Assignment-1 SUBMITTED TO SIR USMAN YOUSAF SUBMITTED BY Arslan Tariq (l1f14mbam7108) Fizza mahboob (l1f14mbam0058) Ali Raza (l1f14mbam7083) Umar Farooq (l1f14mbam0107) CLASS MBA (2nd semester) SECTION C( morning) CONCEPT IN ISLAM RIBA AND ITS TYPES Meaning of Riba …show more content…

Definition and grouping of Musharakah The strict significance of Musharakah is sharing. The foundation of "Musharakah" in Arabic is Shirkah, which means being an accomplice. It is utilized as a part of the same setting as the expression "avoid" significance accomplice to Allah. Under Islamic statute, Musharakah implies a joint venture framed for leading some business in which all accomplices share the benefit as per a particular proportion while the misfortune is shared by proportion of the commitment. It is a perfect option for the interest based financing with broad impacts on both creation and dispersion. The undertone of this term is minimal restricted than the expression "Shirkah" all the more usually utilized as a part of the Islamic statute. With the end goal of clarity in the essential ideas, it will be relevant at the beginning to clarify the significance of every term, as recognized from the other. "Shirkah" signifies "Sharing" and in the phrasing of Islamic Fiqh, it has been isolated into two

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