Capital and Profit Sharing in Islamic Equity Financing: Issues &
[#4184 1F1, PB 183 pp,Prospects.By Muhammad Abdurrahman Sadique,Publishe IBT]

Capital and Profit Sharing in Islamic Equity Financing: Issues &
Capital and Profit Sharing in Islamic Equity Financing-Issues and Prospects

By Muhammad Abdurrahman Sadique
Paperback 173 Pages
ISBN: 978-983-9541-78-6
Publisher IBT, Kuala Lumpur

About The Book
Due to significant changes that have taken place in the nature and essence of money and monetary value, and the dominance of interest-based debt financing, the nature of capital and sharing of profit and loss have become complex issues. The book analyses in detail the practical relevance of these in the operation of Islamic financial institutions, and attempts to provide some new insight on the relevant Shari’ah regulations. The book studies capital in joint ventures financed by Islamic banks, examining the Shari’ah requirement regarding existence and presence of capital at the outset of the venture in the context of modern money, and exploring the admissibility of converting debt into capital and equity ventures based on non-monetary capital. It scrutinizes the method currently used by Islamic banks for determining the profit sharing ratio between the bank and the client, and suggests possible alternatives in line with Shari’ah objectives. The author also discusses at length various clauses incorporated to modern equity financing agreements.

About The Author

Muhammad Abdurrahman Sadique, born in Sri Lanka, serves as an Assistant Professor at the Ahmad Ibrahim Kulliyyah of Laws,International Islamic University Malaysia (IIUM), Kuala Lumpur, lecturing on Islamic law of transactions and Islamic jurisprudence. Qualified in Islamic Shariah and having followed postgraduate studies in fiqh and ifta with emphasis on Islamic finance under Justice (retired) Muhammad Taqi Usmani, he had served as the in-house adviser at Amana Investments Limited, Colombo, the pioneer Islamic bank in Sri Lanka, prior to joining IIUM. His research areas involve the theory and practical implementation of Islamic equity financing modes, financing of micro and medium sized enterprises, and financing development of awqaf.

Weight: 325

In Stock: 6
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