This book describes the experiences of a wide range of enterprises, banks and other agencies with partnership finance. Musharaka, or partnership financing, is a method used by Islamic financial institutions which reject the concept of fixed interest. It is, effectively, a much-simplified form of venture capital. It is generally recognized that small businesses and microenterprises can make effective use of institutional finance, and there is a wide range of methodologies through which such finance can be delivered to the owners of these enterprises, and recovered, in a way that is profitable for the businesses and self-sustaining for the financing institutions.

Malcolm Harper
Malcolm Harper taught at Cranfield School of Management until 1995, and since then has worked mainly in India. He has published on enterprise development and microfinance. He was Chairman of Basix Finance from 1996 until 2006, and is Chairman of M-CRIL, the microfinance credit rating agency.

Handbook of Research on Theory and Practice of Global Islamic Finance

Interest-Free Micro-Finance Without Any Religious Connotation

Ibrahim, Badr El Din A.

2020

https://doi.org/10.4018/978-1-7998-0218-1.ch011 [Citations: 1]

The entrepreneurial role of profit‐and‐loss sharing modes of finance: theory and practice

Kayed, Rasem N.

International Journal of Islamic and Middle Eastern Finance and Management, Vol. 5 (2012), Iss. 3 P.203

https://doi.org/10.1108/17538391211255205 [Citations: 24]