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    Diminish Musharakah

    Uploaded by

    Nur Iskandar
    This document describes a Diminishing Musharakah agreement between partner A and bank B to purchase a taxi worth RM 100,000. Partner A contributes 20% (RM 20,000) and bank B contributes 80% (RM 80,000). Every 3 months, partner A purchases 10% of bank B's shares for RM 10,000 until full ownership is transferred after 2 years, as agreed. In this way, partner A gradually increases their shares while bank B's shares decline until the original investment and profit is returned.

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    Diminish Musharakah

    Uploaded by

    Nur Iskandar
    47 views1 page
    This document describes a Diminishing Musharakah agreement between partner A and bank B to purchase a taxi worth RM 100,000. Partner A contributes 20% (RM 20,000) and bank B contributes 80% (RM 80,000). Every 3 months, partner A purchases 10% of bank B's shares for RM 10,000 until full ownership is transferred after 2 years, as agreed. In this way, partner A gradually increases their shares while bank B's shares decline until the original investment and profit is returned.

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    This document describes a Diminishing Musharakah agreement between partner A and bank B to purchase a taxi worth RM 100,000. Partner A contributes 20% (RM 20,000) and bank B contributes 80% (RM 80,000). Every 3 months, partner A purchases 10% of bank B's shares for RM 10,000 until full ownership is transferred after 2 years, as agreed. In this way, partner A gradually increases their shares while bank B's shares decline until the original investment and profit is returned.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    47 views1 page

    Diminish Musharakah

    Uploaded by

    Nur Iskandar
    This document describes a Diminishing Musharakah agreement between partner A and bank B to purchase a taxi worth RM 100,000. Partner A contributes 20% (RM 20,000) and bank B contributes 80% (RM 80,000). Every 3 months, partner A purchases 10% of bank B's shares for RM 10,000 until full ownership is transferred after 2 years, as agreed. In this way, partner A gradually increases their shares while bank B's shares decline until the original investment and profit is returned.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 1

    Diminish Musharakah

    Khairuddin Zakaria
    [email protected]

    Demising MU
    Buying a Taxi
    A Partner 20%
    The case here is & b: Bank 80%

    buying a taxi with


    Partnership:
    100% (20%+80%) Diminish Musharaka
    RM 100,000.00

    Increase of A shares & decline of Shares B


    This process will go on until the expiry of two years
    Income (duration agreed) whereby the whole taxi will be
    for the taxi Car value
    RM 100,000.00 owned by ‘A’ and ‘B’ will take back his original
    1000 Ringgit A:RM 20,000.00 investment along with income distributed to him as
    is earned on B: 80,000.00
    mentioned in this case.
    a daily basis

    A’ purchases units from the share of ‘B’ gradually


    A: partnerِ B: bank
    Gets: 20 % Gets: 80 %
    (RM 200) (RM 800) Bank share of ‘B’ is divided into eight units
    /Day /Day

    Every three
    Partner A Bank sale every
    months Bank shares
    Months shares
    The partner A Shares
    Buys shares Increase
    To A till Decline
    Full transfer
    From B Till 100% gradually gradually
    Of ownership
    ownership

    10% 10% 10% 10% 10% 10% 10% 10%


    RM 10,000.00 RM 10,000.00 RM 10,000.00 RM 10,000.00 RM 10,000.00 RM 10,000.00 RM 10,000.00 RM 10,000.00

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