Читать книгу Introduction to Islamic Banking and Finance - M Kabir Hassan - Страница 24

Interest cannot be regarded as the profit share in the business of the borrower. Not all borrowing is for commercial purposes. Even when borrowing is sought for commercial undertakings, the lender does not agree on sharing profits. Rather, the lender stipulates a pre-determined rate of increase demanded over the principal amount of loan. For sharing in the profit and loss of the business, the appropriate way of engagement is to provide investment funds on equity financing basis. In genuine equity financing, profit-sharing ratio is agreed at the beginning. If the profit is earned, it is shared on the basis of profit-sharing ratio. If there is a loss, it is shared on the basis of investment share.