Wikipedia's first sentence called it “method of finance used by islamic financial or shariah-compliant institutions to comply with the religious proh”. Today it says “those of a business enterprise or person which/who has obtained capital from the islamic bank/financial institu”.
Measured, not asserted. Every count, date and revision on this page was taken from Wikipedia's own history and checked against the live article. The words quoted are theirs.
Machine-checked against the full current article on 2026-08-03.
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The opening as it read in 2020
Profit and Loss Sharing (also called PLS or "participatory" banking is a method of finance used by Islamic financial or Shariah-compliant institutions to comply with the religious prohibition on interest on loans that most Muslims subscribe to.1Many sources state there are two varieties of profit and loss sharing used by Islamic banks – Mudarabah (مضاربة) ("trustee finance" or passive partnership contract) and Musharakah (مشاركة or مشركة) (equity participation contract).2 Other sources include sukuk (also called "Islamic bonds") and direct equity investment (such as purchase of common shares of stock) as types of PLS. The profits and losses shared in PLS are those of a business enterprise or person which/who has obtained capital from the Islamic bank/financial institution (the terms "debt", "borrow", "loan" and "lender" are not used). As financing is repaid, the provider of capital collects some agreed upon percentage of the profits (or deducts if there are losses) along with the principal of the financing. Unlike a conventional bank, there is no fixed rate of interest collected along with the principal of the loan. Also unlike conventional banking, the PLS bank acts as a capital partner (in the mudarabah form of PLS) serving as an intermediary between the depositor on one side and the entrepreneur/borrower on the other. The intention is to promote "the concept of participation in a transaction backed by real assets, utilizing the funds at risk on a profit-and-loss-sharing basis". Profit-and-loss-sharing is one of "two basic categories" of Islamic financing, the other being "debt-based contracts" (or "debt-like instruments") such as murabaha , istisna'a, salam and leasing, which involve the "purchase and hire of goods or assets and services on a fixed-return basis".3 While early promoters of Islamic banking (such as Mohammad Najatuallah Siddiqui ) hoped PLS would be the primary mode of Islamic finance, use of fixed return financing now far exceeds that of PLS in the Islamic financing industry. Institute of Islamic Banking and Insurance . There are <ref group=Note> tags on this page, but the references will not show without a template (see the help page ).
This is Wikipedia's own text, saved in our repository. Their copy of it is revision 956160030.
The opening as it stood on October 6, 2023 1 passage from the previous snapshot no longer appear
Profit and Loss Sharing (also called PLS or participatory banking ) refers to Sharia-compliant forms of equity financing such as mudarabah and musharakah . These mechanisms comply with the religious prohibition on interest on loans that most Muslims subscribe to. Mudarabah (مضاربة) refers to "trustee finance" or passive partnership contract, while Musharakah (مشاركة or مشركة) refers to equity participation contract. Other sources include sukuk (also called "Islamic bonds") and direct equity investment (such as purchase of common shares of stock) as types of PLS. The profits and losses shared in PLS are those of a business enterprise or person which/who has obtained capital from the Islamic bank/financial institution (the terms "debt", "borrow", "loan" and "lender" are not used). As financing is repaid, the provider of capital collects some agreed upon percentage of the profits (or deducts if there are losses) along with the principal of the financing. Unlike a conventional bank, there is no fixed rate of interest collected along with the principal of the loan. Also unlike conventional banking, the PLS bank acts as a capital partner (in the mudarabah form of PLS) serving as an intermediary between the depositor on one side and the entrepreneur/borrower on the other. The intention is to promote "the concept of participation in a transaction backed by real assets, utilizing the funds at risk on a profit-and-loss-sharing basis". Profit and loss sharing is one of two categories of Islamic financing, the other being debt like instruments such as murabaha , istisna'a (a type of forward contract ), salam and leasing, which involve the purchase and hire of assets and services on a fixed-return basis. While early promoters of Islamic banking (such as Mohammad Najatuallah Siddiqui ) hoped PLS would be the primary mode of Islamic finance, use of fixed return financing now far exceeds that of PLS in the Islamic financing industry. Institute of Islamic Banking and Insurance . There are <ref group=Note> tags on this page, but the references will not show without a template (see the help page ).
Red text was written in or rewritten since the previous snapshot. Their copy is revision 1160398933.
The opening as it stood in 2025
Islamic banking method This article is about a method of finance used in Islamic banking . Profit and Loss Sharing (also called PLS or participatory banking ) refers to Sharia-compliant forms of equity financing such as mudarabah and musharakah . These mechanisms comply with the religious prohibition on interest on loans that most Muslims subscribe to. Mudarabah (مضاربة) refers to "trustee finance" or passive partnership contract, while Musharakah (مشاركة or مشركة) refers to equity participation contract. Other sources include sukuk (also called "Islamic bonds") and direct equity investment (such as purchase of common shares of stock) as types of PLS. The profits and losses shared in PLS are those of a business enterprise or person which/who has obtained capital from the Islamic bank/financial institution (the terms "debt", "borrow", "loan" and "lender" are not used). As financing is repaid, the provider of capital collects some agreed upon percentage of the profits (or deducts if there are losses) along with the principal of the financing. Unlike a conventional bank, there is no fixed rate of interest collected along with the principal of the loan. Also unlike conventional banking, the PLS bank acts as a capital partner (in the mudarabah form of PLS) serving as an intermediary between the depositor on one side and the entrepreneur/borrower on the other. The intention is to promote "the concept of participation in a transaction backed by real assets, utilizing the funds at risk on a profit-and-loss-sharing basis". Profit and loss sharing is one of two categories of Islamic financing, the other being debt like instruments such as murabaha , istisna'a (a type of forward contract ), salam and leasing, which involve the purchase and hire of assets and services on a fixed-return basis. While early promoters of Islamic banking (such as Mohammad Najatuallah Siddiqui ) hoped PLS would be the primary mode of Islamic finance, use of fixed return financing now far exceeds that of PLS in the Islamic financing industry. Institute of Islamic Banking and Insurance . There are <ref group=Note> tags on this page, but the references will not show without a template (see the help page ).
Red text was written in or rewritten since the previous snapshot. Their copy is revision 1286505535. This is our newest snapshot; the live article may have moved again since.
Today
Wikipedia's first sentence called it “method of finance used by islamic financial or shariah-compliant institutions to comply with the religious proh”. Today it says “those of a business enterprise or person which/who has obtained capital from the islamic bank/financial institu”. Read the current article and compare.
2020
Oct '23
2025
Counts in the opening at each snapshot. Green: the word gained ground. Red: it was cut. Grey: no change.
What Wikipedia says this is
Every article opens by defining its subject. This one was redefined since 2020, and today's defining sentence is their current revision.
Then
method of finance used by islamic financial or shariah-compliant institutions to comply with the religious proh
Now
those of a business enterprise or person which/who has obtained capital from the islamic bank/financial institu
Struck red text is no longer in the article; dotted amber text was rewritten. Every revision id links to Wikipedia's copy; the text shown is our own saved copy. Data: /data. Wikipedia text is CC BY-SA; quoted for the record; not affiliated with Wikipedia.
