Document Details

Document Type : Article In Journal 
Document Title :
Successive Partnership in Islamic Banks
المشاركة المتتالية في البنوك الإسلامية
 
Subject : Discussion Papers 
Document Language : Arabic 
Abstract : The relationship between an Islamic bank and its depositors, and amongst depositors themselves, has usually been formulated on the basis of mudarabah contract (commenda). This involves overlapping periods of time, as the dates of deposit, withdrawal, initiation of investments and their liquidation cannot be matched to determine the actual profit/loss due to any given deposit. One way to overcome the problem is to formulate the relationship between bank and depositors on the basis of "agency contract for a fixed fee". The bank's fee becomes independent of the dates and of the realised profit/ loss due to depositors. The relationship amongst depositors however still requires a juristic formulation that overcomes the problem caused by overlapping periods of time. For this we propose a novel contract "Successive Partnership", and indicate its juristic characteristics and conditions. 
ISSN : 1018-7383 
Journal Name : Islamic Economics Journal 
Volume : 1 
Issue Number : 1 
Publishing Year : 1409 AH
1989 AD 
Number Of Pages : 9 
Article Type : Article 
Added Date : Sunday, October 11, 2009 

Researchers

Researcher Name (Arabic)Researcher Name (English)Researcher TypeDr GradeEmail
جمال الدين عطيةGAMALUDDIN ATTIYAHResearcher  

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