Islamic Loan for companies

I have developed an Islamic way of borrowing for small businesses.
This is how it happens, A person gives you money as a loan and you give them a % of profits or loss of your company for the duration of time.
For example, Person A gives you a 0.5 million loan for a 2% share in the profits/loss of the company for 6 months.
You can calculate your company’s profit or loss monthly and pay that person if it is a profit, and if it is a loss you can write it down. After 6 months you return the loan amount minus the loss. or extend the agreement for another 6 months.
It works very well for companies that are in sectors with minimum risks. Please let me know your thoughts I am looking forward to your comments 🙂

Original Facebook: Islamic Loan for companies

• Author
• Recent Posts

Dr Waqar Akram

I am Waqar, I write about many things. I share ideas that I think could have done something good for society. You can connect with me on facebook to share ideas. I will look forward to talking to you soon.

Latest posts by Dr Waqar Akram (see all)

• One Question that always stay in my mind - November 1, 2023
• Let’s go - January 7, 2023
• Islamic Loan for companies - May 2, 2022