nvcon Smell

Copttol
Cveched
Aecositovs hos
one he
Cvedec been has
pvojcct megnS
pvOFele
\wadevs. Uhe
ndusbaise
o noney Aepositovs
1F
enwisle reurn
vae
koh while
ve Oss eone he
irrespecive
nce OF
inGnciev Ehe
Loan Onvebun
pvedemines
Atsblaion inoncing
eFFects
hasecnkvest-
levnaive
o is 4L
proit ne oint
Shove pavtnevs 0SS a
entevpvise aToin
means
g. Conkext
mtchs
levclly which Qvqin
Arabic Misharakah.
is
MUSHARAKAH
01 NO
HAP
 in
inOwnevshi Leuminoa \he Asloric A5Ni
beUhe
pLEFoe Tnoes
4)
innes
heSome Shika
-ul- hinkoh
Mik Ldleie
Musharckoh CEPTON
Shkoh Shirkat \elonne benk
poveulov Cannoetio
mods
Opion
-ul- move MUSHARA
KAH 0F INhfle
meens
moy MLk
Cornes
ueispudence he
cll
oF depostors
AhwogtMhe
eXishenee
into
Come e he
1honFnoncin
move insloTsts Ahe
povies he
meanS
vest
sonsPev he
m \evm will
 SeconD he vender
to
Undetoke
CUstomevs lhet
Sevurteor
1hem hot
meons cll
wheve wheve Qgvee
het have
erfeched entevpvige
Some Cmong
herm chonge AN0evsong povhne
Amal
nevshi
chinleah
Shike-1mnik. o
Convod
kinds
3
Invest oin
Sevuieesc
agvee
-ul Conmnevciolee hate
idtonsie Davtnevs
Shirkat 1F toke
3nde he
he
Onevs
1Heve
f-
voU he
 he hol heve Whem
spot shkeh
0R
hoin hikot-U-
MIk
ct mushevokoh
4
ecvne oekionol
hen
Comnoiies
ewme Shivkotu)
nqoo
will
Sel So hem SHIRKAH
mes
em
\ound Shikeu
\he voFi voio Amot
dhitec\hese Xhe DIAceam Aod
Shirkaf-uL-
puvchose agveed Uhe not
The while Povinerhtp
Shwkotul
ALL
at
 notineste
Corilol Sni|euy
vol(
not
musHARakaH SaHng must
Qvlnevs each be
mhuol onAvedients be his
wlhout wsiness qqvee
Sholl
ehemin
ee OF
Conhuech he
oF q0es Coned he
Rules velaionehipneceSSevy hehe A0,000/
of
pvopoion
he
2- Pvopoion
bASICMushonakeh
\he
ove
1heve
ove
heve lso
Convac Doune
1he
3- aceuve qven
Shave
he hol heve
Rs be
Rafio of Pofit

povner Contom s to
\he
CGpthol tnuested
in
mnm ehofi ImeAm IHE
is
neeessQuy ho he
mushoveoh he
hos \nuesle he
Lokol Copital he must
F the O9vcemen
he Contey whfoh mekes
moe.
enlle Lmam
less
venoley Ahe mushQelkeh Hhe
ghoich.
Theveove pevmissble
qehs PeumtssiL
while he Pottt
Othe ovtne Shove
301 boss
SHARiN OF loss
he Case f Loss, alt he
ave
Lhe Fivaby
SuEfev loss
OF Invegent
peulner hos
he Copilol he SUFfe
he Loss move not less
 he Colved

JHE NATURE Of THe CAPITAL

udim
he Ophion he
ecch mus
Howevev heve
vespec

Condlinmuchavcko,
hevee
Peumtsile Povner Conges
he mushevekeh km but
Shove hall be Aelemine
evdlueRon.
he no Conmsulion
ne Ceeepho,le
Ushavcoh.

povt ney

A is One motoy
lhe bwenegg
Cnolhes moto Cav each
he he edusve
 ohnes
lhe
Coneck desasiob»
ve
eoch
lhe 100
kq.
a so,e
(onpen
cve
heve such
Commocies wih ke heep
(ommoes
he
COinnrnoces
becoUse
chevcdeos
13 whev (opthol
heve- Shove-optla
been Come
yolion
Vesovt estvoye
be
Plece has hecc hounc
uheveleeh hove
Expleined Simliov
Cohnot
SHafi Wn
\oke
ommoes veplace Stnilov
Cole.
Each
he he Cve
[MAra be
nurnbe vtnev Whe hos
Connot which wheo Cemot
he
3)
/ERMINAfioN OF MuSHARAKAH
povtnev hos
\eninote he mushovckeh t Cny
his pevtmev
holice
mushevcyoh Come o ene
Bhe povtnevs ies
he muhevcecy
he mushovekoh with
Conhhue
\he mushovka
he povtnes
becsmes insane
efRechinq
lhe mhoeleck Shenels emineol

5MupaRAgaH
Mudavcbah
pavtnewship wheve panev qves
Cnólhe
moncy
Comn ev ol tevpse
(omes
pove Nho
he monegement Works is
Ch exdlusne ves ponsi1R the
Ohev who celec mudeib.
 MusnARAkAH
DIEF 6)w
muDARBAH
MUSHARA kAH MUDARa8AH
In ushovokoh cl - while in muaeh
1he pv\nevs Cen he vobb-ulnncl hos
povieipcte he
meneqemeik o he Rh hemenogemenk
which cowiecl out
ousiness
b he mudeuy ony.
2)In mushavekh a Tn mudaoh lhe
he povmevs Shove Loss F ony sUrFevec
1he lo he y he vodb-l-ma
exkenel 1he vco o1- Be cevse he
|hei In mudes does not

Comes vorn cl he he Sole

povnevs
v e l - mL
Ihe Liobity
yob-- mo
he povlneve Limie
mushovckeh is noumel!y
unlmteo 1hNenent
"Unless he hos
of
cXCeed Oevle he wcovtb
1he bwsiness
GGsels &he bus
 Pevson
Ohe move mudovooh
Conhoc mol vcsb-ul
muDARABAH) (Unvesoichec
mudevebah CalLecl
udoveseh OF
RAgAH) Reshochect muqauyoaoh
vcch (cle This
business Qevtieu\e
monty \he
shol he Casc muoib
susiness povticulev
molvcbb-ul- BusINES
muDARABAH Ehe Of
he
soles huaugh
Solely qceuec nohos Oct
he Hevc mix
he
Case Mshovckoh
 necessa he volieib
mudevebah
he
Rra
Atnle pvopoion OF he
eoc
elilee.
Che PvoFi
Dvopoion
Cllo cete AFF Pvopo\ion
he vebb-l mel \he
\he nobb-u- mol

hed you willet 50 /

PVOF 4vade
have
yo

entile 301

you
On dhe Aown
youv shove be SO
PvOF
 lEP MiNATiON OF MUDARABAHi
he
Conoc udovcboh Con
teuminete Bime
OF he wo pevties.
he
qive noice
povhy
he \he
Modovosch Cosh Avom
1he ime evnnneHon,
Some PvoRR hos bee evne
he pineipol
shellbe distvbote ell
he povies
avee velio
(he Qsses
nut he
Mudlovelsol be vestuched)
Dovbiclu te
One
yeat
(om bin ohon oF Mushovekct
Mudscket
Conbvoc OF Mudovoboh novmolM
Ove Sunmes muobhe!
 mudavebch
He is ves ponske ov the
meneemert while \he imvesbnî
ComeS \vom voldbul mol
mudob also Invest
Sont his money ihto he
busine ss mudevebelh
Such COses mushovcech
Mudevcch
A qavc to B Rs- 100,000 in
Conlyoc mudovoboh
Gddee Rs. 50,000 vom his
podket 4he Pevmí ssian

be vedeo
uheelceh mudevcbeh.
A Connot clloccte hi sel
hen Awo-\hicls OF 1he

Beeause
he h a ehos InvechecY

Aotel Copttc
mecns Ohe- |hi

1huestov
vcmeIhrg
While OF e

mwde5 The v'st wiy be qve

A
 kunTTak NoTes

Oro 301) YPES OF SHIRKAH

Shirkah veFevs bo Hhe Concept
pavbnevsiç Shaving in husness ov
olher aveas Life
FoLLowIN G SoME 0F MOsT CommoN IYPEs =

4) Shrkah al-'inan s
clso knoi)
as he
4 move m l s
Shoun Captol ectdatsh
buisneSs each povtnt shoug
he PvoFits Losses
Popalion heiv

)hikah al - abdan
ypes wheve
Conbhe \he auigness
hetv phigieal caies, skills
expevise insleoc) OF
Copiol Shove in he pOf3t
(he
gveement.
\oses
accovding

his
pnee
 Apeng mevlhen, dlse
he pupose
Shove he 0ss he
Con
IN MUs#ARAk A
Anj Mushovakoh
\inmee sheve lslornic
move
povies heiv Canl
Copihal
expeiee undeoke he
buisness Venve
Mushovkoh pvoFis MMus
Aitohe bsased he
velio
he Capihal
qveed
eoch pov Contaed
fOL EXAMPIES
agve
pavbtes hove Con hibubec
Coptkol the volio OF
Ehen
be
he
shave
pvof qenevohec 60:40 she
Same veio. he
Totol pvoit qenevote Caps
yenhuve \he
q0 to
1i00,000
|he
he
Contbec Ihe
OF
OvERAL
MushARAkAH
auikesie enphosie
shaveo vick & vCwou omont ihs poiGpil
 CaP:TAL MusHARAkAH ?

a) he Coptal Moshevalkoh s
he Cmount Copial
pouee
1he bisness Nehwe
1he Ihe
Cmoun
Calilsste eoc
Povlies
Mushavakoh Lool Coptla
0F 100,000 mey e
agvee Coslbske
Ihe olhev
(onihes y03000 Ihe

sheing vio
eve de\eumine
moy clso
60 :40
Such
Lasly Mushavokah Ihc
Captkol is
pavhec 0se Ao
henee heiu bus. Nenve