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What is Musharakah

Public Policy’s Role in Achieving Sustainable Development Goals
Is a kind of partnership in business in which both investment and management of the joint venture come from all the partners. They share profits based on agreed upon percentages/ratio. There are situations where a manager may also invest some of his money into the business in a Mudarabah joint venture. In such a case, Musharakah and Mudarabah are combined.
Published in Chapter:
Application of Maqasid al-Shariah-Based Public Policy Framework in SDGs Policies: Poverty Eradication (SDG 1) as a Case Study
Ahmad Labeeb Tajudeen (Islamic University of Minnesota, USA) and Manzoor Apenna Lawal (Sikiru Adetona College of Education Science and Technology, Omu-Ajose, Nigeria)
Copyright: © 2023 |Pages: 18
DOI: 10.4018/978-1-6684-8903-1.ch005
Abstract
Public policy scholars have warned that the conventional public policy (CPP) framework is not effective enough to address the post-pandemic problems as it has blatantly failed the litmus test of time. The CPP framework has been criticised on various grounds and blamed for the problems of unsustainability and overarching poverty that plague humanity. The objective of this chapter is to explain a quadric public policy framework (PPI) that has recently been proposed as an efficient alternative public policy framework. The explanation is limited to only one out of the four components of the framework, called the Maqasid al-Shariah component, also known as public interest theory. The findings show that the PPI framework can link policymakers from different sectors and provide a platform for a whole-of-government approach to achieving the SDGs, especially poverty alleviation and eradication.
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More Results
Innovation in Takaful: The Musharakataan Business Model
A commercial/commutative partnership to undertake any joint business to earn a profit. Alternatively, it is a non-commutative partnership to help and support each other in a group.
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Governance and Financial Reporting of Islamic Banks: Evidence From Mauritius
A contract between an Islamic bank and a customer to inject capital to an entity or to own an asset either on a temporary or permanent basis.
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Blockchain for Islamic Financial Services Institutions: The Case of Sukuk Financing
It is an Islamic partnership for financing contracts used by Islamic banking. An agreement between two or more parties (Islamic bank and its clients) where they to contribute the capital in cash or kind. Debts are not accepted. The partnership is in equal or varying amounts to establish a new project or share in an existing one.
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