National Shari'a Board - Indonesian Council of Ulama Fatwa No. 15 of 2000 on Principles of Business Profit Distribution in Shari'a Financial Institutes

This fatwa acknowledges that the distribution of profits from an undertaking between parties in a joint-venture may be based on the principle of profit sharing, as well as the principle of net revenue sharing. The fatwa permits both approaches, but favours net revenue sharing for profit distribution.