Qirad meaning 'surrender' is used to refer to the surrender of capital, hence the
alternative name for mudarabah which is muqaradah. The term mudarib, a user of the
capital of an investor (the investor being the rabb al-mal), gives rise to the alternative
description of this form of finance, hence mudarabah. The mudarib, regarded as an
entrepreneur, contributes management input, itself viewed as a form of capital. Widely
agreed conditions applied to modern mudarabah contracts are that:
k) Imams Hanifa and Hanbal argue that the term of a mudarabah can be restricted,
whilst Shafi and Malik argue against any such restriction.