Musharaka is a partnership in which Al Janoob Islamic Bank participates in financing new or existing projects and shares the capital and returns. Alternatively, the bank may contribute to the ownership of specified assets on a permanent or a non-permanent basis provided that the profit is shared in accordance with an agreement between the bank and the customer.
The ratio of the profit for each partner must be determined in proportion to the actual profit accrued to the business, and not in proportion to the capital invested by him. It is not allowed to fix a lump sum amount for any one of the partners, or any rate of profit tied up with his investment. Losses, however are assumed according to the proportion to the capital invested by each partner.
For Furthermore details Please reach out to our Relationship Manager on  00964 7700000388