Islamic Research and Training Institute, Islamic Development Bank

In this research paper authors discuss the need of the Islamic economy for systematically terminating musharakah contracts by observing and addressing economic issues related to the concept of diminishing musharakah.

Proceedings of a workshop organized by the Islamic Research and Training Institute (IRTI) of the Islamic Development Bank (IDB), Jeddah and the Sudanese Estates Bank, in Khartoum, Sudan, during 18-21 Rabi' Thani 1412 H, 27-29 (October 1991 G) in Khartoum, Sudan, during 18-21 Rabi' Thani 1412 H, 27-29 (October 1991 G),

Part one discusses riba in terms of its definition, how it is applied and the scope it reaches. Further sections outline how the Islamic banking system functions, the instruments used for financing, and how the Islamic system differs from conventional banks.