Partnership Financing for Small Enterprise : Some lessons from Islamic credit systems
Book Details
Format
Paperback / Softback
ISBN-10
1853393932
ISBN-13
9781853393938
Publisher
Practical Action Publishing
Imprint
Practical Action Publishing
Country of Manufacture
GB
Country of Publication
GB
Publication Date
Dec 15th, 1997
Print length
72 Pages
Weight
295 grams
Dimensions
29.70 x 21.00 x 0.60 cms
Product Classification:
Development studiesDevelopment economics & emerging economiesBankingEntrepreneurship
Ksh 3,000.00
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This book describes the experiences of a range of enterprises, banks and other agencies with partnership finance. There is a wide range of methodologies through which such finance can be delivered to the owners of these enterprises, and recovered, in a way that is profitable for the businesses and self-sustaining for the financing institutions.
This book describes the experiences of a wide range of enterprises, banks and other agencies with partnership finance. Musharaka, or partnership financing, is a method used by Islamic financial institutions which reject the concept of fixed interest. It is, effectively, a much-simplified form of venture capital. It is generally recognized that small businesses and microenterprises can make effective use of institutional finance, and there is a wide range of methodologies through which such finance can be delivered to the owners of these enterprises, and recovered, in a way that is profitable for the businesses and self-sustaining for the financing institutions.
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