Islamic Finance

Musha

December 18, 2022
Insurance

Variable Fee Approach

December 18, 2022

Share

A jointly held interest, by two persons or more, in a property held under the same title. The undivided interest cannot be broken down into parts or shares. It entails an ownership right to use and possess the property in questions, on a joint basis by all co-owners. No individual co-owner has an exclusive or distinguished right to any specific portion of the property.

The undivided interest encloses the entire property, and its holders have equal rights to the property as a whole.

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