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Diminishing Musharakah by Yahya Asim
Diminishing Musharakah by Yahya Asim
MUSHARAKAH
By
Muhammad Yahya Asim
Diminishing Musharakah
Diminishing Musharakah
(Shirkah-Al-Mutanaqisah) is a type of
Shirkah where one partner purchases the
other partner’s share gradually
Types of Diminishing Musharakah
Diminishing Musharakah
Shirkat-ul-Aqd Shirkat-ul-Milk
(Joint Venture) (Joint Ownership)
FEATURES OF DIMINISHING MUSHARAKAH
IN SHIRKAT-UL-AQD (JOINT VENTURE)
2. One partner undertakes to purchase the share of other partner, but three
conditions should be considered in this undertaking.
1. Purchase of House
2. Construction of House
3. Renovation of House
4. Balance Transfer Facility (BTF)
Features for Diminishing Musharakah for
Purchase of House
10. Bank’s monthly profit may also be decided, as monthly rent of the house and
principal amount will be recovered in the unit price.
Financing for Construction Of House