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Islamic Finance




Participatory Structure


A type of contractual arrangement entailing that the parties share profits/ losses and/ or residual interest in the net assets of the arrangement (being a group of assets or a business). Participatory structures can be based on musharaka (shirka) arrangements (musharaka, mudaraba, wakala, etc.) or a combination of such arrangements.



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The last three decades have witnessed the modern rebirth of Islamic finance both in terms of literature and practice. Islamic banks and ...
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