Explain why Islam encourages Mudaraba, Musharak and other modes of fin

1.	Explain why Islam encourages Mudaraba, Musharak and other modes of financing for the benefit of community and mass welfare.
Answer» Answer: The MUDARABA contract is applied when someone DEPOSITS money in an Islamic bank with the expectation of getting a RETURN. In most cases, the contract applied is a first-tier (or simple) mudaraba contract, meaning that only the CUSTOMER and the bank are involved. i hope it helps

Explain why Islam encourages Mudaraba, Musharak and other modes of financing for the benefit of community and mass welfare.

Answer»

Answer:

The MUDARABA contract is applied when someone DEPOSITS money in an Islamic bank with the expectation of getting a RETURN. In most cases, the contract applied is a first-tier (or simple) mudaraba contract, meaning that only the CUSTOMER and the bank are involved.

i hope it helps

Discussion

No Comment Found

Related InterviewSolutions

(7+3 root 5) hole square. it means small 2 in last of question
Hello friends if you have any questions please feel free to contact
Explain the origin of Modern Olympic Games ?
Define Yoga in detail.
एक्सप्लेन द रोल ऑफ एरोबिक इंश्योरेंस इन फिजिकल फिटनेस
Tan(n), cot(n) : what is n ? how and why please answer fast urgent
Tan(n), cot(n) : what is n ?
the business model that leverages the power of social networks and reduced cost of discovery and coordination is called?
Which of these countries has more elephants? norway/ Nigeria
What is the common to New Zealand, japan, indonesia and the Philippines

Explain why Islam encourages Mudaraba, Musharak and other modes of financing for the benefit of community and mass welfare.​

Discussion

No Comment Found

Related InterviewSolutions

Reply to Comment

Explain why Islam encourages Mudaraba, Musharak and other modes of financing for the benefit of community and mass welfare.