4 articles tagged Musharakah.
Mr Ismail is right that Pakistan's Islamic banking has become a change of vocabulary more than a change of substance. The harder truth is that reforming the contracts is necessary but not sufficient, because the currency in which they are written is itself born of interest.
How a Population-Weighted Monetary Genesis Aligns Naturally with the Moral Architecture of Islam
A critical examination of risk-sharing, profit calculation, and the 'debt merchant' paradox in modern Islamic Financial Institutions. A Socratic inquiry into the gap between Shariah theory and banking practice.
In our meticulous effort to avoid the sin of Riba, have we inadvertently created a system that commits a greater one, the sin of abandoning the Ummah? In our focus on the letter of Shari'ah, have we forsaken its very spirit?