A Profit Sharing Ratio Modelling for an Islamic Hire-Purchase Contract

Abstract

This paper determines the profit sharing ratio for Islamic hire-purchase contract named Al-Ijarah Thumma Al-Bai’ or AITAB. AITAB originates and is used widely in Malaysia. This paper presents an approach which maximizes the profits of the hire-purchase participating parties by implementing the fair profit sharing ratio determination mentioned in the profit… (More)

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