Special mudharabah investment account

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Mudhraabah Account The push by Bank Negara Malaysia BNM is really quite clear; Mudharaba as the flagship product that introduces the customers to the world of risk-taking and therefore, potentially higher returns. And if the Mudharaba is to be classified as an Investment Account, then it should behave as one. Worldwide, the concept of Mudharaba means; take customers funds and enter into an investment and share the profits if specjal and should there be a loss, the customer will take that capital losses. The terms and condition contains. But due to the classification of Mudharaba as Investments post-Junespecial mudharabah investment account treatment on how a Mudharaba Investment is processes, managed and executed now changes. But what epecial if the Mudharaba must now behave as an Investment?

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Banking or banking activity that complies with sharia Islamic law —known as Islamic banking and finance , or shariah [1] -compliant finance [2] —has its own products, services and contracts that differ from conventional banking. Some of these include Mudharabah profit sharing , Wadiah safekeeping , Musharakah joint venture , Murabahah cost plus finance , Ijar leasing , Hawala an international fund transfer system , Takaful Islamic insurance , and Sukuk Islamic bonds. Sharia prohibits riba , or usury , defined as interest paid on all loans of money although some Muslims dispute whether there is a consensus that interest is equivalent to riba. To be consistent with the principles of Islamic law Shariah and guided by Islamic economics, the contemporary movement of Islamic banking and finance prohibits a variety of activities:. Money earned from the most common type of Islamic financing—debt-based contracts—»must» come «from a tangible asset that one owns and thus has the right to sell—and in financial transactions it demands that risk be shared. Islamic banking and finance has been described as having the «same purpose» Institute of Islamic Banking and Insurance , [30] or having the same «basic objective» Mohamed Warsame , [31] as conventional banking but operating in accordance with the rules of shariah law. Benefits that will follow from banning interest and obeying «divine injunctions» [32] include an Islamic economy free of «imbalances» Taqi Usmani [32] —concentration of «wealth in the hands of the few», or monopolies which paralyze or hinder market forces, etc.

Special Mudharabah Investment Account-i

This preview shows page 1 — 2 out of 4 pages. Subscribe to view the full document. I cannot invedtment describe how much Course Hero helped me this summer.

In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero. Universiti Utara Malaysia. Special Mudharabah Investment Account-i Mudarabah term refers to a form of business contract in which one party brings capital and the other personal effort.

The proportionate share in profit is determined by mutual agreement. But the loss, mudharwbah any, is borne only by the owner of the capital, in which case the entrepreneur gets nothing for his labour. As a financing technique adopted by Islamic banks, special mudharabah investment account is a contract in which all the capital is provided by the Islamic bank while the business is managed by the other party.

The bank passes on this loss to the depositors. The Islamic investment deposit product is one of the accojnt which increase the capital source of the Islamic financing facilities. As an alternative to the conventional interest-based investment deposit product, the Islamic bank used the profit sharing analysis or also known as mudarabah contract for their investment product.

But, special mudharabah investment account a few issues with mudarabah investment deposit product and additional rules of the Islamic Financial Service Act on the Islamic deposit product, many Islamic bank looks at other alternative on their investment deposit facility.

Therefore, the introduction of commodity murabahah or tawarruq-based deposit could be the best alternative to take place. Share this link with a friend: Copied! Other Related Materials 31 pages.

Islamic Markets and Investing — Part 1

So guys, have you decided? Enthusiast Senior Member mudharbaah Joined: Dec Junior Member 68 posts Joined: Jan Returns on investments. Accoujt the all-new CIMB website! Additional Benefits. Since there is no guarantee on return, please be careful. Search Result. This link is provided for your convenience only and shall not be considered or construed as an endorsement or verification of such linked website or its contents by CIMB Islamic. Show posts by this member only Post Visit Us. Jun 1PM. Jun 25PM. Withdraw funds from the ATM or over the counter.