Question
You have made a Mudarba dealwith followingkeyconditions: 1. The Mudarib will workon your behalf 2. You will be involved in business decision makings 3. Mudarib
You have made a Mudarba dealwith followingkeyconditions:
1. The Mudarib will workon your behalf
2. You will be involved in business decision makings
3. Mudarib will first take 5% of profit and the rest 95% profit will be divided equally between you and the Mudarib
4. In case of loss the Mudarib will also bear ther 10% of losses.
5. At the end of the Mudarba contract all the assets will be owned by you.
6. Mudarib will run the business which you have determined. Mudarib will not change it.
In the light of conditions of Sharia critically evaluate the aboveMudraba contract.
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