Nov 2015 Q3 c

This is a type of partnership contract where only one partner (rab al mal) contributes finance and the other partner (mudarib) contributes skills and expertise. The partner who contributes finance has no right to interfere in the day to day affairs of the partnership.

This is an equity financing contract for investment in business ventures or specific business projects and consist of at least two partners called the mushasrik. The mushariks jointly contribute capital and expertise in the business.

This is a deferred payment sales or an instalment credit sale usually for the purchase of goods for immediate use. The seller therefore sells goods to the buyer, and the buyer pay later by instalments.