اسلامی بینکوں میں مضاربہ کی مروجہ صورتوں کا تحقیقی اور تنقیدی جائزہ

Critical Analysis of the Established Forms of Mudharba in Islamic Banks

Authors

  • Fahmeeda Bibi Assistant Professor ,Department of Islamic and Arabic Studies, Swabi University
  • Abrar ullah PhD Scholar ,Department of Islamic Studies NUML,Islamabad
  • Dr.muhammad shuaib Yousaf PhD Scholar ,Department of Arabic , UOP

Keywords:

Mudharbah, mudharbah mutlaqa, mudharbah muqayyada, Islamic banking,

Abstract

Islam propagates fair and just economic principles in order to prevent economic exploitation in an Islamic society. Mudharbah is one such mode of economic activity in Islam that ensures justice and fairness in business transaction. The concept of Mudharbah has assumed huge importance today when various Islamic banks are struggling to implement it in various business transactions. In view of the importance of Mudharbah, this study aims to delineate the various definitions of this concept in the light of Quran, Sunnah, and the opinions of Islamic jurists. It provides a broad overview of the justification of Mudharbah in the light of Islamic teachings as well as delves into the philosophy of Mudharbah from the viewpoint of public welfare. It also sheds light on various kinds of Mudharbah and highlights differences between them for a better understanding. Furthermore, it comprehensively deals with various attendant conditions of Mudharbah, as prescribed by Islam, as well as delineates the role and responsibilities of both parties to Mudharbah arrangement, thus minimizing the chance for confusion and conflict. Having done all the above-mentioned foundational work, this study then critically analyzes the practical implementation of Mudharbah as done in Islamic banks today and highlights how new forms of Mudharbah have entered today’s Islamic banking. In this context, it reviews the opinions of various distinguished Islamic jurists on Mudharbah in today’s Islamic banking and concludes by suggesting the opinion that is most preferable in the light of Quran and Sunnah. 

 

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Published

2022-06-25

How to Cite

Fahmeeda Bibi, Abrar ullah, & Dr.muhammad shuaib Yousaf. (2022). اسلامی بینکوں میں مضاربہ کی مروجہ صورتوں کا تحقیقی اور تنقیدی جائزہ: Critical Analysis of the Established Forms of Mudharba in Islamic Banks. Al-Azhār, 8(01), 281–299. Retrieved from http://www.al-azhaar.org/index.php/alazhar/article/view/360

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