Corpus ID: 53986594

Sharīah Position on Ensuring Presence of Capital in Joint Equity Based Financing

  title={Sharīah Position on Ensuring Presence of Capital in Joint Equity Based Financing},
  author={M. Sadique},
  • M. Sadique
  • Published 2009
  • Economics
  • Islamic legal texts indicate that a joint venture involving monetary capital could be set in motion on the basis of capital that is existent and present, with clear agreement regarding the share of each partner. While gradual release of capital is admissible, prior existence of capital is necessary. Due to credit supplementing real money in a substantial manner, the identity of money in the current fiscal environment appears to have undergone significant change, the nature and influence of… CONTINUE READING


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