An ISLAMIC bank (as Rab-Ul-Maal) extended a Mudarabah facility to a customer (as Mudarib) for investment in his trade business
Fatawa Question
An Islamic bank (as Rab-Ul-Maal) extended a Mudarabah facility to a customer (as Mudarib) for investment in his trade business. The facility was disbursed pursuant to the entry into the Mudarabah agreement and the Mudarabah capital was invested by the customer (as Mudarib) in accordance with the investment plan. During the Mudarabah period the customer (as Mudarib) approached the Islamic bank (as Rab-Ul-Maal) seeking an early termination and settlement of the Mudarabah facility. Commercially the Islamic bank (as Rab-Ul-Maal) has no objection in accepting the early settlement request of the customer (as Mudarib) provided the Mudarabah is profitable in accordance with the projections of the anticipated profit. However, Shariah guidance is sought in this regard.
Fatwa
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Publisher
Publication Date
2014-10-15
Country of Publication
Malaysia
Main Subjects
Economics & Business Administration
Islamic Studies
Data Type
Fatawa
Language
English
Record ID
BIM-783180
American Psychological Association (APA)
Hassan, Husayn Hamid. 2014-10-15. An ISLAMIC bank (as Rab-Ul-Maal) extended a Mudarabah facility to a customer (as Mudarib) for investment in his trade business. . Kuala Lumpur Malaysia : Islamic Finance News.
https://search.emarefa.net/detail/BIM-783180
Modern Language Association (MLA)
Hassan, Husayn Hamid. An ISLAMIC bank (as Rab-Ul-Maal) extended a Mudarabah facility to a customer (as Mudarib) for investment in his trade business. Kuala Lumpur Malaysia : Islamic Finance News. 2014-10-15.
https://search.emarefa.net/detail/BIM-783180
American Medical Association (AMA)
Hassan, Husayn Hamid. 2014-10-15. An ISLAMIC bank (as Rab-Ul-Maal) extended a Mudarabah facility to a customer (as Mudarib) for investment in his trade business. Kuala Lumpur Malaysia : Islamic Finance News.
https://search.emarefa.net/detail/BIM-783180
