Sharīah compliance of conventional participative financing : a proposed way forward
Other Title(s)
التوافق الشرعي في التمويل التشاركي التقليدي : طريقة مقترحة
Author
Source
Journal of King Abdulaziz University : Islamic Economics
Issue
Vol. 33, Issue 2 (31 Jul. 2020), pp.47-64, 18 p.
Publisher
King Abdulaziz University Scientific Publishing Center
Publication Date
2020-07-31
Country of Publication
Saudi Arabia
No. of Pages
18
Main Subjects
Abstract EN
The purpose of this article is to propose a way forward for Sharīʿah compliance of interest based participative modes of financing.
The article discusses profit sharing loans, silent partnership, venture capital and angel investment as candidates for Sharīʿah compliance.
The article highlights the limitations encountered in the past for implementing Sharīʿah compliance under mushārakah and muḍārabah modes and suggests that, for successful Sharīʿah compliance, future work must fulfill the requirements of practical implementation.
The article proposes an active engagement of entrepreneurs and investors with Sharīʿah experts for developing Sharīʿah compliant participative financing.
The article is envisaged to contribute significantly as it provides an alternative approach for developing Sharīʿah compliant participative financing outside the realm of the banking system.-
American Psychological Association (APA)
Rashid, Khalid. 2020. Sharīah compliance of conventional participative financing : a proposed way forward. Journal of King Abdulaziz University : Islamic Economics،Vol. 33, no. 2, pp.47-64.
https://search.emarefa.net/detail/BIM-1279200
Modern Language Association (MLA)
Rashid, Khalid. Sharīah compliance of conventional participative financing : a proposed way forward. Journal of King Abdulaziz University : Islamic Economics Vol. 33, no. 2 (Jul. 2020), pp.47-64.
https://search.emarefa.net/detail/BIM-1279200
American Medical Association (AMA)
Rashid, Khalid. Sharīah compliance of conventional participative financing : a proposed way forward. Journal of King Abdulaziz University : Islamic Economics. 2020. Vol. 33, no. 2, pp.47-64.
https://search.emarefa.net/detail/BIM-1279200
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references : p. 62-63
Record ID
BIM-1279200