文章基本信息

标题：Diminishing musharakah: Using a viable kind of equity financing instrument in managing the capital requirement of business
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作者：Mohd Nasir bin Mohd Yatim
期刊名称：African Journal of Business Management
印刷版ISSN：1993-8233
出版年度：2010
卷号：4
期号：12
页码：2380-2384
语种：English
出版社：Academic Journals
摘要：This applied study was aimed at giving an insight to practitioners and academicians as well as investors and interested parties in understanding the characteristics and processes of an interesting shari’ah-compliant equity financing vehicle. Therefore, effort in identifying the related shari’ah concept and tenets as well as principles was closely studied in depth in order to justify on the validity of the instrument for the users of such financing facility. Related available documents were scrutinised in detail. A simple model of this form of vehicle was then proposed in this study. Thus, contributions in term of an innovation can offer a new knowledge to the practitioners as well as academicians and the interested parties of this financing instrument. Qualitative method of research and descriptive approach to research were applied in this study as they were appropriate in looking into the research issue understudied. Capitalising on the explored and examined instrument shall then become the basis in innovating more sophisticated models for multiplicity of instruments to be made available in the capital market both for domestic and foreign markets. In conclusion, this study contributed in term of an innovation initiative aimed at sustaining economic growth to up-hold the on going concern of enterprises during economic recession turbulence.
关键词：Shari’ah-compliant;equity financing vehicle;diminishing musharakah;musharakah investment model