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BNM Shariah parameter on Musharakah

Posted on 05 July 2010

From Arabnews.com: Bank Negara Malaysia (BNM), the central bank, has published the draft of its latest Shariah parameter - “Draft of Shariah Parameter Reference 4: Musharakah contract (SPR4)” - the general aim of which is to provide a standard guidance on applying respective Shariah contracts in Islamic finance.
Bank Negara has already issued consultative concept papers for Ijarah (SPRC 2) and Murabahah (SPRC 1) in July and August 2009. In fact, BNM in December 2009 published its latest draft concept paper - “A Shariah Parameter Reference 3 (SPRC 3) - on the Mudarabah contract……………………………………….Full Article: Source

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