MUSHARKA
\mˈʌʃɑːkə], \mˈʌʃɑːkə], \m_ˈʌ_ʃ_ɑː_k_ə]\
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Instead of having a lender-debtor relationship, this specific type of Islamic financial arrangement is for building a business partnership. Each party takes part in the new business's profit and risk. Rather than earning from the interest charged from a loan, The lender will gain profit from the business' success. Also spelled musharakah.
By Henry Campbell Black
Word of the day
Dopamine Acetyltransferase
- An enzyme that catalyzes the of groups from acetyl-CoA to arylamines. They have wide specificity for aromatic amines, particularly serotonin, and can also catalyze acetyl transfer between arylamines without CoA. EC 2.3.1.5.