Podcast
Questions and Answers
In Mudarabah, who is the partner of Rabb-ul-maal and shares the profit in an agreed ratio?
In Mudarabah, who is the partner of Rabb-ul-maal and shares the profit in an agreed ratio?
- Ameen
- Shareek (correct)
- Zamin
- Wakeel
Who is liable to compensate the loss if the enterprise suffers a loss due to negligence or misconduct?
Who is liable to compensate the loss if the enterprise suffers a loss due to negligence or misconduct?
- Wakeel (correct)
- Ameen
- Shareck
- Zamin
The money given by Rabbul-maal (investor) and the assets required therewith are held by him as a trust. Who is 'him' in this context?
The money given by Rabbul-maal (investor) and the assets required therewith are held by him as a trust. Who is 'him' in this context?
- Wakeel
- Zamin (correct)
- Shareck
- Ameen
What is the term for an unrestricted Mudarabah where the Rab-ul-Maal does not specify a particular business or place for the Mudarib to invest the money?
What is the term for an unrestricted Mudarabah where the Rab-ul-Maal does not specify a particular business or place for the Mudarib to invest the money?
Study Notes
Mudarabah Partnership
- In Mudarabah, the partner of Rabb-ul-maal (investor) is the Mudarib, who shares the profit in an agreed ratio.
Liability for Loss
- If the enterprise suffers a loss due to negligence or misconduct, the Mudarib is liable to compensate the loss.
Trustee of Assets
- In a Mudarabah partnership, 'him' refers to the Mudarib, who holds the money given by Rabbul-maal and the required assets as a trust.
Unrestricted Mudarabah
- An unrestricted Mudarabah is a type of Mudarabah where the Rab-ul-Maal does not specify a particular business or place for the Mudarib to invest the money.
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Description
Test your knowledge of Islamic finance principles with this quiz. Answer questions about the roles and responsibilities of Wakeel, Zamin, Shareek, and Ameen in financial transactions.
