Participatory Financing Formulas (Mucharakah & Mudharabah) as a Mechanism to Achieve Economic Security

Abstract

The aim of this study is to identify the issue of economic security and its most important determinants as well as the components that constitute; on the other hand the concept of economic security from an Islamic perspective.

    We have tried through this research paper to address both the formulas of Islamic financing (Mucharakah, Mudharabah) as the most important form of Islamic finance because of its role in establishing Investment projects and fighting everything that threatens economic security.

    The study concluded the participatory financing formulas contribute effectively to fighting poverty, unemployment due to their ability to achieve an equilibrium between the production elements and the distribution of both the return and the risk to it fairly achieving economic security and social peace.