Under a Mudaraba contract: a. Profit-sharing ratios are decided by the Rab al-Maal at the start of

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Under a Mudaraba contract:

a. Profit-sharing ratios are decided by the Rab al-Maal at the start of the contract.

b. The Rab al-Maal bears all losses except those incurred due to the negligence of the Mudarib.

c. All parties are required to contribute capital.

d. One party provides the investment for the business and other party manages the business for a fixed fee.

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Financial Reporting For Islamic Financial Institutions Accounting Standards Interpretation And Application

ISBN: 9781032464022

1st Edition

Authors: Abdul Rauf Mahar, Ayesha Bhatti, Muhammad Junaid Ashraf, Asfand Zubair Malik

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Question Posted: Mar 11, 2024 03:32 AM

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Under a Mudaraba contract: a. Profit-sharing ratios are decided by the Rab al-Maal at the start of

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Financial Reporting For Islamic Financial Institutions Accounting Standards Interpretation And Application

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