The Contracted Company Through Full Ownership Or Participation Between Permissibility And Prohibition
DOI:
https://doi.org/10.58916/alhaq.v13i1.436Keywords:
Diminishing partnership, – permissibility – prohibition, binding promise – saleAbstract
The diminishing partnership contract is regarded as one of the contemporary investment structures suitable for the nature of Islamic banks, as it offers an alternative mode of financing in place of interest-based lending. For this reason, it was approved by the International Islamic Fiqh Academy in its Resolution No. (136/5/2) of 2004.
It is likewise permitted under the Libyan Commercial Law No. (23) of 2010 in Articles (65, 12, 6).
It is also not prohibited under the Islamic Banking Law No. (46) of (2012), specifically in Article (100) repeated (4, 3).
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