By applying the theory of factors of production what do you think that, what are the factors of production in (1) Capitalistic point of view and (2) Islamic point of view? Is there a difference between the both concepts with reference to factors of production? If ‘YES’ then on which grounds? If ‘NO’ then why?
Which of the following best describes the term Riba? Select correct option: Surplus value with counterpart not sure Surplus value without counterpart Capital gains None of the given options Which one is considered the most ideal alternative for the interest based financing Musharaka Ijarah (Leasing) Murabaha not sure Salam Which one is the basic principle […]
CASE: Mr. A & Mr. B form a partnership (Shirkat-ul-Aqd) where capital, management, profit, risk and labor are taken at par while Mr. C & Mr. D entered into the same type of partnership where partners settled the terms for capital, management, profit, risk and labor on inequality basis. Discussion Questions: Identify the types of “Shirkah” chosen by “Mr. […]