An Islamic bank has approved a Mudarabah facility for a customer based on which the Islamic bank will provide funds
Fatawa Question
An Islamic bank has approved a Mudarabah facility for a customer based on which the Islamic bank will provide funds (i.e. the Mudarabah Capital) to the customer. The Mudarabah capital will be utilized by the customer to undertake its business project. The Islamic bank is conscious of the investment risks inherent to Mudarabah facility and is desirous of addressing them prior to release of funds. The bank is seeking guidance from its Shariah Board on the following points : A. The options available to the Islamic bank to mitigate such risks ; B. The possibility of the Islamic bank to obtain collaterals or guarantee and exercise them in case of the loss of the Mudarabah capital by the customer.
Fatwa
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Publisher
Publication Date
2014-06-25
Country of Publication
Malaysia
Main Subjects
Economics & Business Administration
Islamic Studies
Data Type
Fatawa
Language
English
Record ID
BIM-783528
American Psychological Association (APA)
Hassan, Husayn Hamid. 2014-06-25. An Islamic bank has approved a Mudarabah facility for a customer based on which the Islamic bank will provide funds. . Kuala Lumpur Malaysia : Islamic Finance News.
https://search.emarefa.net/detail/BIM-783528
Modern Language Association (MLA)
Hassan, Husayn Hamid. An Islamic bank has approved a Mudarabah facility for a customer based on which the Islamic bank will provide funds. Kuala Lumpur Malaysia : Islamic Finance News. 2014-06-25.
https://search.emarefa.net/detail/BIM-783528
American Medical Association (AMA)
Hassan, Husayn Hamid. 2014-06-25. An Islamic bank has approved a Mudarabah facility for a customer based on which the Islamic bank will provide funds. Kuala Lumpur Malaysia : Islamic Finance News.
https://search.emarefa.net/detail/BIM-783528
