Академический Документы
Профессиональный Документы
Культура Документы
Group Membres
Ammar Yasir Mohsin Jamal Qamar Zaman
MODARABA
The main instrument of Islamic finance
"Mudaraba" is a special kind of partnership where one partner gives money to another for investing it in a commercial enterprise. The investment comes from the first partner who is called "rabb-ul-mal", while the management and work is an exclusive responsibility of the other, who is called "mudarib".
Resource mobilization
i) Funds management ii) Money market operations iii) Capital market operations
FEATURES OF MUDARABAH
1. It is an important feature of this kind of business that the money should be handed over by the Rab-ul-Mall to the Modarib and he should not control the money. 2. Modaraba must be incorporated and register under Modaraba ordinance, 1980. 3. Its activities are controlled by the Modaraba companies and Modaraba rules, 1981.
FEATURES OF MUDARABAH
cont..
7. The money of Modaraba cannot be contributed to another person without the prior consent of Rab-ulMall. 8. It may be formed for specific period and it will be dissolved by the expiry of that time. 9. It may be formed for single purpose or for multiple purposes. 10. The Modaraba will be dissolved by the death of any partner.
ANY QUESTION
???