Author: Wadud, Q.A.
Title: The Modaraba Law : A Marvel of the Corporate Concepts
Description: Karachi, Royal Book Company, (1998). orig. boards. 22x14cm, xiii,161 pp. Minor rubbing. Light binding corner bumps. VG. dustwrapper ¶ ...the large scale business with a huge capital base achieved by a corporate planning has always been a complex problem for us in a Muslim country. The Modaraba Law provides the answer. It envisages two artificial juristic persons - the modaraba company and the modaraba, and two classes of owners, one owning the company and the other owning the modaraba in a combination of the company law and the doctrines of the modaraba. And this quaint combination of conflicting concepts brings the two classes of interests together into a harmonious business relationship to carry on the business within the bounds of Islamic injunctions..." [-dustwrapper blurb] Contents: Backround; Planning of the Law; Incorporation & Legal Status; Raising of Modaraba Fund & Operations; Statutory Books; Accounts, & Returns; Borrowing & Security; Administative & Legal Controls; Annulment & Winding Up; Penalty & Punishment; Miscellany; A Unique Corporate Concept.

Keywords: Islamic Jurisprudence, Modaraba Law, Corporate Legal, Company, Finance, Financial, Islam, Pakistan, Business