What Is Mudaraba in Islamic Finance and Banking?
Kinds of Mudaraba: There are two sorts of Mudaraba, and they are referenced underneath:
(1). Al Mudaraba Al-Muqayadah:
Rab’ul-Maal may indicate a specific business or a specific spot for the Mudaarib, wherein case he will put the cash in that specific business or spot. This is called Al Mudaraba Al-Muqayadah (limited Mudaraba).
(2). Al Mudaraba Al Mutlaqah:
Be that as it may if Rab’ul-Maal gives full opportunity to Mudaarib to embrace whatever business he considers fit, this is called Al Mudaraba Al Mutlaqah (unhindered Mudaraba). Anyway Mudaarib can’t, without the assent of Rab’ul-Maal, loan cash to anybody. Mudaarib is approved to do anything, which is ordinarily done over the span of business. In any case on the off chance that they need to have a remarkable work, which is past the typical daily practice of the dealers, he can’t do as such without express consent from Rab’ul-Maal. He is likewise not approved to:
a) keep another Mudaarib or an accomplice
b) blend his own interest in that specific Modarabah without the assent of Rab-ul Maal.
States of Offer and Acceptance are appropriate to both. A Rab’ul-Maal can contract Mudaraba with more than one individual through a solitary exchange. It implies that he can offer his cash to ‘A’ and ‘B’ both so every single one of them can represent him as Mudaarib and the capital of the Mudaraba will be used by the two of them mutually, and the portion of the Mudaarib.
Distinction among Musharaka and Mudaraba
(1). In Musharaka, all accomplices contribute, anyway in Mudaraba Finance, just Rab’ul-Maal contributes.
(2). In Musharaka, all accomplices take an interest in the administration of the business and can work for it. Be that as it may, in Mudaraba, Rab’ul-Maal has no option to take part in the administration which is done by the Mudaarib as it were.
(3). In Musharakha, all accomplices share the misfortune to the degree of the proportion of their speculation. In any case, in Mudaraba, just Rab’ul-Maal endures misfortune on the grounds that the Mudaarib doesn’t contribute anything. Anyway this is dependent upon a condition that the Mudaarib has worked with due perseverance.
(4). In Musharaka, the obligation of the accomplices is regularly limitless. In the event that the liabilities of business surpass its resources and the business รีวิวเว็บแทงบอล goes in liquidation, every one of the surpassing liabilities will be borne professional rata by all accomplices. In any case, if the accomplices concur that no accomplice will cause any obligation throughout business, at that point the surpassing liabilities will be borne by that accomplice alone who has brought about an obligation on the business disregarding the previously mentioned condition. Anyway in Mudaraba, the obligation of Rab’ul-Maal is restricted to his speculation except if he has allowed the Mudaarib to cause obligations for his benefit.
(5). When the accomplices stir up their capital in a joint-pool in Musharaka, every one of the resources become mutually claimed by every one of the accomplices, as indicated by the extent of their individual speculation. All accomplices profit by the appreciation in the estimation of the resources regardless of whether benefit has not accumulated through deals. In Mudaraba financing, the merchandise bought by the Mudaarib are exclusively possessed by Rab’ul-Maal and the Mudaarib can procure his offer in the benefit just in the event that he sells the products beneficially.
Circulation of Profit and Loss
It is vital for the legitimacy of Mudaraba that the gatherings concur, directly toward the start, on a positive extent of the genuine benefit to which every last one of them is entitled. The Shariah has endorsed no specific extent; rather it has been left to their common assent. They can share the benefit in equivalent extents and they can likewise allot various extents for Rab’ul-Maal and Mudaarib. Anyway in outrageous situation where the gatherings have not foreordained the proportion of benefit, the benefit will be determined at 50:50.