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Structure of simple mudaraba contract [11]. Mudarabah is a partnership where one party provides the capital while the other provides labor and both share in the profits. [12] [13] The party providing the capital is called the rabb-ul-mal ("silent partner", "financier"), and the party providing labor is called the mudarib ("working partner").
Labour MP Afzal Khan is the parliamentary chair for the group. [1] The purpose of the group is to promote Muslim engagement and representation in the Labour Party, conduct political training and development activities, and lead on political campaigns. [2] It is the largest Muslim group of Labour members and supporters. [3]
The Islamic Labour Party (Arabic: حزب العمل الإسلامي, romanized: Ḥizb al-ʿamal al-islāmī), previously the Socialist Labour Party (Arabic: حزب العمل الإشتراكي, romanized: Ḥizb al-ʿamal al-ishtirākī), Commonly known in Egypt as just the Labour Party, is an Egyptian Socialist-turned Islamist-political party.
The Islamic Labour Party (Persian: حزب اسلامی کار, romanized: Hezb-e Eslâmi-ye Kâr) is a reformist party in Iran and splinter group to the trade union Worker House. [ 3 ] A supporter of Mohammad Khatami ’s reform program , [ 3 ] it is reportedly based on a platform of socially oriented programs and "protecting the rights of the ...
Islamic economics is a broad field, related to the more specific subset of Islamic commercial jurisprudence (Arabic: فقه المعاملات, fiqh al-mu'āmalāt). It is also an ideology of economics similar to the labour theory of value, which is "labour-based exchange and exchange-based labour".
This is a list of political parties espousing Islam as its main identity without principal adherence to the particular ideology of political Islam, or taking a theological position of wasat which advocates for politico-religious centrism, Islamic democracy, Third Way, progressivism and liberalism.
Islamic rules on transactions (known as Fiqh al-Muamalat) have been created to prevent use of interest. Investing in businesses involved in activities that are forbidden . These include things such as selling alcohol or pork, or producing media such as gossip columns or pornography. [10] [11] Charging extra for late payment.
MEND's panel at the Labour Party conference the same year featured Owen Jones and Keith Vaz, amongst others. At the 2017 party conferences, MEND ran a fringe event at the Labour Party conference focussing on the empowerment of Muslim women with speakers including the politicians Diane Abbott , Kate Green , Rushanara Ali , and Naz Shah .