Knowthys

Month: June 2020

Musharakah Partnership – Basic rule of Musharakah

Musharakah: The English meaning of Musharakah is “Sharing” Partnership. It is a structured joint venture or partnership in which the profit and loss of enterprise are shared according to Islamic finance. It means all partners will need to share loss…

Comparison between Islamic & Conventional Economic Systems

Economics Economics is the efficient utilization of available resources to satisfy maximum needs and wants. Generally, the arrangement, management and distribution of available resources, such as, services and goods either across geographic region or within country by any government or…