What is the concept of a Mudarabah contract, and what are the fundamental obligations incumbent upon the Mudarib under it?
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Radiif AI Legal Assistant
⚡ Quick Answer:
A Mudarabah contract is an agreement whereby the Rab al-Mal (capital provider) undertakes to provide the capital, and the Mudarib (entrepreneur/manager) undertakes to manage and trade with it. The profit between them is shared according to their agreement. The Mudarib's obligations include providing the Rab al-Mal with information and rendering...
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