means of raising money a security such as stocks or debentures that a business uses to raise finance
Since only interest-free forms of finance are considered permissible in Islamic finance, financial relationships between financiers and borrowers are not governed by capital-based investment gains but by shared business risk (and returns) in lawful activities (halal
By Andreas Jobst
This checklist describes murabahah sale instruments, where a buyer purchases items at an agreed profit margin, avoiding riba.
How will economic assets be distributed if the main social distinction is between those who know things and those who do not, rather than between owners of capital and employees? IC may not be a sufficient answer to that question, but it might provide us with instruments to handle it with.
By Leif Edvinsson
Definitions of ’capital instrument’ and meaning of ’capital instrument’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’capital instrument’ and other financial terms with our online QFINANCE Financial Dictionary.