Hibah in muḍārabah investment accounts to fill the gap between actual and expected returns: sharīʿah parameters and controls

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Offering hibah in muḍārabah investments can help bridge actual and expected returns without violating sharīʿah.
Focus group discussions revealed that hibah should not be seen as guaranteed profit, maintaining its discretionary nature.
Sharīʿah supervisory committee approval is essential for all hibah practices to ensure compliance in financial institutions.
The findings encourage clearer perceptions of hibah as non-binding, contrasting it with conventional guaranteed returns on deposits.

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Qualitative analysis identifies sharīʿah parameters for hibah in muḍārabah accounts, suggesting reforms.

Md. Habibur Rahman (2025) studied this question.

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