Document Details

Document Type : Article In Journal 
Document Title :
Qirad Bonds and Third Party Guarantee: Applications in Financing Development in Muslim Countries
سندات القراض وضمان الفريق الثالث وتطبيقاتهما في تمويل التنمية في البلدان الإسلامية
 
Subject : Articles  
Document Language : Arabic 
Abstract : The author distinguishes qirad (profit sharing) contract from shirkah (partnership) as the former is characterized by complete separation of ownership from control. He discusses qirad certificates which represent the financier's share in the enterprise and entitle him to a share in profit (or loss) with the right to withdraw the nominal value of the certificate (i.e. the qirad capital) when it is due. Qirad certificates, as financial instruments in an interest free economy, would be more flexible than common stock. The author justifies third party guarantee (e.g. by the state or a collective fund established for this purpose) of the nominal value (i.e. principal) of the qirad certificates. Jordan's experience with qirad certificates is reported with the conclusion that similar instruments would help in financing economic development in Muslim countries. 
ISSN : 1018-7383 
Journal Name : Islamic Economics Journal 
Volume : 1 
Issue Number : 1 
Publishing Year : 1409 AH
1989 AD 
Number Of Pages : 34 
Article Type : Article 
Added Date : Sunday, October 11, 2009 

Researchers

Researcher Name (Arabic)Researcher Name (English)Researcher TypeDr GradeEmail
منذر قحفMONZER KAHFResearcher  

Files

File NameTypeDescription
 21136.pdf pdf 

Back To Researches Page