Welcome ToOur
Presentation
Title of the Presentation
MUDARABA
Group Members:
Name: ID:
Lia Borsha Gomes……….... 2671……….
Tamrin Tamanna Helen……2689……….
Shamima Akter Shemu……2699……….
Presentation Outline
Serial No Particulars1. What is Mudarabah?
2. Role of Sahib-al-maal
3. Duties & Power of Mudarib
4. Violation of Contract
5. Guarantee
6. Mudarabah Expenses
7. Termination of Mudarabah Contract
What is Mudarabah?
This is a business contract under which the entrepreneur obtains finance from a financier on the condition that he will conduct the business alone without taking any help from the financier .
And the profit will share as agreed in the contract, loss will bear by financer only.
Financer is known as Sahib- al- Maal
Entrepreneur is known as Mudarib
Sahib-al-maal Mudarib
Role of Sahib al-Maal:
In Mudarabah , Sahib al-Maal Provides the capital and Mudarib undertakes the management. Therefore, the Sahib al-Maal should handover the agreed capital to Mudarib and leave everything to Mudarib with no interference from his side but he has the authority to
Oversee the Mudarib’s activities and
Work with Mudarib, if the Mudarib request
Duties and Power of Mudarib1. Trustee to look after the investment responsively, except
in case of natural calamities.2. Partner for sharing any profit.3. Liable to provide for the loss suffered by the Mudaraba
due to his breach of trust.4. It is not permissible for the Mudarib to make
loan/gift/charitable donation out of the Mudaraba funds.5. Agent to purchase/sell/do everything for the benefit of the
business.
Violation of contract
If the Mudarib violates the terms of the contract , he is guilty of misconduct and his status as a holder of the funds on trust changes into that a guarantor there for the nature of the possession of the funds changes from a Mudarabah to a debt due from the Mudarib.
Guarantee
It is not permitted to obtain adequate security, guarantee and mortgage from the Mudarib
Or, From any third party on behalf of the Mudarib except in cases of misconduct, negligence or breach of contrct on the part of the Mudarib.
Mudarabah Expenses
All expenses which are incidental to theMudarabad business like wages of employees/ workers or commission in buying / selling etc, have to paid by the Mudaraba
Murarib expenses like meals ,clothing, conveyance and medical are not borne by Mudarabah.
Termination of Mudarabah Contract
With mutual consent of both the parties. On the date of maturity , if the two
parties had earlier agreed to set a time of limit for it.
When the funds of Mudarabah contract have suffered losses.
The death of Mudarib of the institution that acts as Mudarib
Q & A Part
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