Running Musharka

It is based on the contract of Musharaka (Shirkat-ul-Aqd) between PKIC-IFD and the customer. PKIC-IFD will invest in a specific operating activity of the project of the customer in order to generate profit as per agreed formula, while the losses are borne in proportion to capital contribution of the parties. The customer pays provisional profit to PKIC-IFD and the final calculation takes place at maturity.

BUSINESS NEED

• Mostly used as an alternate of overdraft facility for corporate customers.

Essential Shariah Requirements

• Determination of Profit Sharing Ratio and Capital of each party.
• Tailor made Profit & Loss account for Musharaka Business.
• Quarterly/Periodic Settlement of profit payments