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
dust storm
- a windstorm that lifts up clouds of dust or sand a windstorm that lifts up clouds dust or sand; "it was the kind of duster not experienced in years"