A Theory of Mudarabah, the Islamic Profit-Sharing System of Economic Cooperation

Masudul Alam Choudhury
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Masudul Alam Choudhury: University College of Cape Breton

Chapter 4 in The Principles of Islamic Political Economy, 1992, pp 92-126 from Palgrave Macmillan

Abstract: Abstract Profit-sharing systems under economic cooperation have been common to many cultures, both historically and in recent times. For example, Christian economists have been arguing for some time in favour of this form of economic arrangement, and against the capitalistic form of corporate management. The labour movement has been identified in this regard on the basis of the social gospel preaching worker solidarity and demand for equitable distribution and management of enterprises, principally of large corporations.1

Keywords: Wage Rate; Social Welfare Function; Policy Variable; Wage Labour; Social Consensus (search for similar items in EconPapers)
Date: 1992
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-22439-5_5

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DOI: 10.1007/978-1-349-22439-5_5

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