Participating in Islam
Islamic banks received
interest from experts and economists, as well as the Muslim community in
General and of the leading what is providing financing to investors and
the participation of the most important financing formulas that are
traded in these banks, participating in Islam is called contract
(contract) to a partnership between two parties, and the bank providing
finance worth identifies the second party is the customer without
interest to enter the Bank project partner either profit or loss.
The concept of participation
Parties to the
transaction to participate are as follows; The first party is a person
or body corporate to apply to the Bank for financing of the project and
this project is displayed on the Bank, where the person in an amount the
Bank to pay the remaining amount compared to enter as a partner in the
project. On the other hand, the Bank is mandated to manage the project,
either party is a Bank and is a partner to the first party in the
project and has the right to intervene if they note that project
management is facing problems and client funds are in danger.
If the project received
in the community and has made economic gains, profit is divided by the
respective capital and previously agreed quota given to student funding
partner net profit for its supervision on the process of the project, in
the second case involved and is it distributed to both partners in
proportion to their respective funding.
The partnership has
adopted Islam if halal is illegal activity and constant in the Qur’an
and Sunnah that the verse: {that were more than they are partners in the
third} (women) comes the wisdom to participate in Islam from the
legitimacy of its benefits to the individual and society of public
benefit, it does not bear the burden of loss or gain to a third party
without the other party but lead to equality and justice.
Types of participation
So we had to talk about
the Islamic treatment of types, let us go, participation are two first
fixed engagement in which the Bank is a key partner in the project
capital and owned and managed as described previously and also a partner
in the profit and loss until the end of the project.
The other type is
participation ended with ownership or downscale and based on the idea of
allocating part of the revenue of the project partner bank shot against
declining share of World Bank project and that moves the entire project
to Malika his project idea.
Muslim jurists have broad
disciplines to participate, for example, to be the capital of money and
prices must be known and accessible so you can dispose of it, and it
does not require equal capital between both sides, profits are
distributed between them as they stipulated in the contract that did not
require the distributed profit by percentage each partner’s capital as
in the loss.
0 comments:
Post a Comment