Qirad
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High Quality Content by WIKIPEDIA articles! The qirad was one of the basic financial instruments of the medieval Islamic world. It was an arrangement between one or more investors and an agent where the investors entrusted capital to an agent who then traded with it in hopes of making profit. Both parties then received a previously settled portion of the profit, though the agent was not liable for any losses. Although the qirad is never mentioned the Qur'an, many Islamic traditions attribute its origin to the Prophet Muhammad and his companions. These traditions describe Muhammad and his companions either using the qirad or endorsing the institution. It is likely that the qirad originated in the Arabian peninsula with the pre-Islamic Arabian caravan trade and later became one of the most widespread tools of commercial activity. Many will notice that the qirad is almost identical to the institution of the commenda later used in western Europe, though whether the qirad transformed into the commenda, or the two institutions evolved independently cannot be stated with certainty.
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GarantieWeitere Informationen
- Allgemeine Informationen
- GTIN 09786131435416
- Editor Lambert M. Surhone, Mariam T. Tennoe, Susan F. Henssonow
- EAN 9786131435416
- Titel Qirad
- Herausgeber Betascript Publishing
- Anzahl Seiten 176
- Genre Wirtschaft
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