Modaraba
Definition & Meaning
Part of speech noun
Quick meaning: Modaraba is a noun meaning A form of financial contract in some Muslim countries in which the investor (rab-ul-mal) entrusts money to a financial manager (mudarib) and any profits and losses are shared between them in an agreed manner.
Meaning
A form of financial contract in some Muslim countries in which the investor (rab-ul-mal) entrusts money to a financial manager (mudarib) and any profits and losses are shared between them in an agreed manner.
Word Forms
- modarabas
Related Words
Related dictionary entries include mudaraba, mudirate, madhhabi, ijarah, muraba, sarraf.
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Sources & Attribution
FreeDictionaryAPI.com / Wiktionary · Original source · CC BY-SA 4.0
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