Profit and loss allocation among Islamic bank and client partner in equity financing: practice, precepts and alternatives
The profit sharing ratio in equity financed projects is decided by Islamic banks mainly through applying the relevant rate of return on capital. After first determining the return sought by the bank, the remainder of the expected profit is usually taken as the share of the joint partner, and the pr...
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| Format: | Article |
| Language: | English |
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King Abdulaziz University
2009
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| Online Access: | http://irep.iium.edu.my/4337/ http://irep.iium.edu.my/4337/ http://irep.iium.edu.my/4337/1/22-1-Sadique_07.pdf |