Thursday, 15 May 2014
FIN 624 -Islamic Mode of Financing GDB NO- 1 Ideal Solution May 2014 Written Updates
FIN 624 -Islamic Mode of Financing GDB # 1 Fall 2014
Learning Objectives:
· To develop an understanding about the Partnership and its types used under Islamic Sharia.
CASE:
Mr. A & Mr. B form a partnership (Shirkat-ul-Aqd) where capital, management, profit, risk and labor are taken at par while Mr. C & Mr. D entered into the same type of partnership where partners settled the terms for capital, management, profit, risk and labor on inequality basis.
Discussion Questions:
Identify the types of “Shirkah” chosen by “Mr. A & Mr. B” and “Mr. C & Mr. D” for their business.
Which type of “Shirkah” identified in requirement (1) is preferable in your opinion? Explain with logical arguments.
Write the single most distinguished valid point of partnership under Islamic Shariah.
