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The Mudaraba Contract in Islamic Banks: Issues and Implementation
JOD
Get it by 5 Aug | Order in 2 Hours 22 Minutes
Pages: 214, Year of Publication: 2016, Binding: Hardcover, Edition: 1, Print Color: White, Size (cm): 17x24, Weight (kg): 0.330, Barcode: 9789957181819
Weight: 330 grams, Dimensions: 17 x 24 cm
Introduction
The ability to scrutinize phenomena or subjects is simplistic, yet in-depth understanding within collective frameworks where religious phenomena intersect with practical scenarios introduces complexity.
Islamic banks have gained significance as tools for financial growth, reflecting economic advancement. Due to the prohibition of interest-based transactions in Islam, Islamic banks emerged as alternatives to traditional financial institutions, offering services compliant with Islamic law.
These banks have developed various services to align financial activities with Islamic teachings, thereby gaining the trust of Muslims seeking ethical banking solutions. The study of Mudaraba is crucial as it serves as an Islamic financing tool vital since the early Islamic era.
As economies evolved, so did the challenges in applying traditional Mudaraba, necessitating adaptations for contemporary financial environments. Consequently, Islamic banking emphasizes partnerships, departing from debtor-creditor models to investment-based relationships.
However, Mudaraba's implementation faces challenges due to its deviation from theoretical models, posing questions regarding its practical feasibility in Islamic banking contexts. The need for refined approaches to address these issues is underscored.
The study is structured over three chapters:
Chapter One examines the theoretical framework of Islamic Mudaraba, outlining its nature and conditions.
Chapter Two highlights the development of Islamic banking, focusing on financial tools employed.
Chapter Three addresses the challenges of Mudaraba in Islamic banks, proposing solutions to enhance its application.