It is a kind of partnership where one partner gives money to another for investing in a commercial enterprise. The investment comes from the first partner who is called “”Rab-ul-Maal”” while the management and work is an exclusive responsibility of the other, who is called “”Mudarib”” and the profits generated are shared in a predetermined ratio (Aziz, 2012 pg 7).
Restricted Mudarabah (Al Mudarabah Al Muqayyadah): It implies thatRab-ul-Maal is identifying particular business or a particular place for theMudarib, in the case that he shall invest the money in (Chowdhry, 2016 pg. 5)
Unrestricted Mudarabah (Al Mudarabah Al Mutlaqah):
It implies thatRab-ul-Maal provides full freedom toMudarib to undertake whatever business he considers, HoweverMudarib cannot lend money to anyone or do any extraordinary work without the approval ofRab-ul-Maal. He is also not authorized to:
Keep another Mudarib or a partner.
Mix his own investment in that particular Mudarabah without the consent ofRab-ul-Maal (Anwar, 2011 pg. 30).
Durrat Al Bahrain is considered as a hallmark resort island city, Located on the south coast of Bahrain. Offerings over 2000 beachfront villas, 3600 executive apartments and offices, luxury hotels and spa resorts, parks and entertainment (Ma, 2009 pg. 12).
On 2003 Development of Durrat Khaleej Al-Bahrain Project launched. Its a US$ 6 billion joint development project owned by the Government of Bahrain and Kuwait Finance House (Bahrain). Kuwait Finance House (Bahrain) owning equal shares (50%) with the Government of Kingdom of Bahrain (Manap, 2017 pg. 10)
Sharing Profit/ Loss
CBB & Insurance
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