{"id":296,"date":"2017-04-05T09:17:29","date_gmt":"2017-04-05T09:17:29","guid":{"rendered":"https:\/\/blog.ethis.co\/?p=296"},"modified":"2022-11-15T08:38:29","modified_gmt":"2022-11-15T08:38:29","slug":"islamic-finance-contract-mudharabah","status":"publish","type":"post","link":"https:\/\/ethis.co\/blog\/islamic-finance-contract-mudharabah\/","title":{"rendered":"Islamic Finance Contract: Mudharabah"},"content":{"rendered":"<p style=\"text-align: justify;\">In this article, we will be explaining the concept of Mudharabah and the advantages of using profit-sharing arrangements.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_51_1 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\" role=\"button\"><label for=\"item-69e6f98862dd8\" ><span class=\"\"><span style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input aria-label=\"Toggle\" aria-label=\"item-69e6f98862dd8\"  type=\"checkbox\" id=\"item-69e6f98862dd8\"><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/ethis.co\/blog\/islamic-finance-contract-mudharabah\/#What_is_Mudharabah\" title=\"What is Mudharabah?\">What is Mudharabah?<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/ethis.co\/blog\/islamic-finance-contract-mudharabah\/#Can_the_Entrepreneur_Guarantee_Investors%E2%80%99_Capital_or_Profit\" title=\"Can the Entrepreneur Guarantee Investors&#8217; Capital or Profit?\">Can the Entrepreneur Guarantee Investors&#8217; Capital or Profit?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/ethis.co\/blog\/islamic-finance-contract-mudharabah\/#Process\" title=\"Process:\">Process:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/ethis.co\/blog\/islamic-finance-contract-mudharabah\/#Importance_of_Risk_Management\" title=\"Importance of Risk Management\">Importance of Risk Management<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/ethis.co\/blog\/islamic-finance-contract-mudharabah\/#What_are_the_Advantages_of_Using_a_Profit-Sharing_Contract\" title=\"What are the Advantages of Using a Profit-Sharing Contract?\">What are the Advantages of Using a Profit-Sharing Contract?<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/ethis.co\/blog\/islamic-finance-contract-mudharabah\/#1_Avoiding_the_Destructive_Nature_of_Interest\" title=\"1. Avoiding the Destructive Nature of Interest\">1. Avoiding the Destructive Nature of Interest<\/a><ul class='ez-toc-list-level-4'><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/ethis.co\/blog\/islamic-finance-contract-mudharabah\/#Economic_Exploitation\" title=\"Economic Exploitation\">Economic Exploitation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/ethis.co\/blog\/islamic-finance-contract-mudharabah\/#Increasing_Indebtedness\" title=\"Increasing Indebtedness\">Increasing Indebtedness<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/ethis.co\/blog\/islamic-finance-contract-mudharabah\/#Wealth_Inequality\" title=\"Wealth Inequality\">Wealth Inequality<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/ethis.co\/blog\/islamic-finance-contract-mudharabah\/#2_Potential_for_High_Returns\" title=\"2. Potential for High Returns\">2. Potential for High Returns<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/ethis.co\/blog\/islamic-finance-contract-mudharabah\/#3_Efficient_Resource_Management\" title=\"3. Efficient Resource Management\">3. Efficient Resource Management<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/ethis.co\/blog\/islamic-finance-contract-mudharabah\/#4_Wealth_Distribution\" title=\"4. Wealth Distribution\">4. Wealth Distribution<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"What_is_Mudharabah\"><\/span><strong>What is Mudharabah?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\">Mudharabah is essentially an Islamic term for a <span style=\"color: #0000ff;\"><strong>profit-sharing arrangement<\/strong><\/span>. In a Mudharabah contract, the investor (called <em>Rabbul Mal<\/em>) provides the capital while the entrepreneur (<em>Mudarib<\/em>) provides the expertise and specialization. Profits from the venture are shared according to the profit-sharing ratio, decided at the outset of the contract. In the event of losses, the investor will bear the financial losses while the entrepreneur loses the effort, credibility and resources vested into the venture. Mudharabah is one of the most popular contracts used in Islamic finance transactions. (See also: <a href=\"https:\/\/ethis.co\/blog\/islamic-finance-islamic-banking\/\"><em>Can Islamic Finance Serve 2 billion Muslims?<\/em><\/a>)<\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Can_the_Entrepreneur_Guarantee_Investors%E2%80%99_Capital_or_Profit\"><\/span>Can the Entrepreneur Guarantee Investors&#8217; Capital or Profit?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\">In a Mudharabah contract, the entrepreneur cannot guarantee investors capital or profit since all parties share in the risks. Guaranteeing capital and profits is akin to a fixed-interest debt security, which is what the profit-sharing arrangement aims to avoid in the first place. However, what can be fixed is the<span style=\"color: #0000ff;\"><strong> profit-sharing ratio<\/strong><\/span>&nbsp;that is agreed at the outset of the contract. For example, if the agreement states that the profit-sharing ratio is 50:50 between the investor and entrepreneur, each party will receive an equal amount of generated profits at the end.<\/p>\n<p style=\"text-align: justify;\">In order to understand how Mudharabah works, we can refer to a standard profit-sharing arrangement used in <a href=\"https:\/\/ethis.co\/\">Ethis<\/a><\/p>\n<p style=\"text-align: justify;\"><img decoding=\"async\" class=\"size-full wp-image-397\" src=\"https:\/\/ethis.co\/blog\/wp-content\/uploads\/2017\/04\/PROJECT-DEVELOPER-1.jpg\" alt=\"Islamic finance contract: Mudharabah (Profit-sharing arrangement)\" width=\"1024\" height=\"768\" srcset=\"https:\/\/ethis.co\/blog\/wp-content\/uploads\/2017\/04\/PROJECT-DEVELOPER-1.jpg 1024w, https:\/\/ethis.co\/blog\/wp-content\/uploads\/2017\/04\/PROJECT-DEVELOPER-1-300x225.jpg 300w, https:\/\/ethis.co\/blog\/wp-content\/uploads\/2017\/04\/PROJECT-DEVELOPER-1-768x576.jpg 768w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Process\"><\/span><strong>Process:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\"><strong><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/media-public.canva.com\/MAAQor2ryfs\/1\/thumbnail.png\" width=\"41\" height=\"41\"><\/strong>With the intent of investing, individuals enter into a profit-sharing, Mudharabah contract with a trusted project developer that possesses a credible and successful track record. The contract will clearly state the profit-sharing ratio between the individual investor and the project developer.<\/p>\n<p style=\"text-align: justify;\"><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/media-public.canva.com\/MAAQoqAyC64\/1\/thumbnail.png\" width=\"41\" height=\"41\">Investors channel their funds towards the project developer through <a href=\"https:\/\/ethis.co\/\">Ethis<\/a>, which is a real estate crowdfunding platform for social impact projects.<\/p>\n<p style=\"text-align: justify;\"><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/media-public.canva.com\/MAAQorf0gMQ\/1\/thumbnail.png\" width=\"41\" height=\"41\">The project developer will then employ the necessary resources to develop and construct social impact housing for the underprivileged using the invested funds.<\/p>\n<p style=\"text-align: justify;\"><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/media-public.canva.com\/MAAQogTWHGU\/1\/thumbnail.png\" width=\"41\" height=\"41\">The houses are sold off to the relevant beneficiaries upon completion. The profit generated from the sale of the houses is divided according to the profit-sharing ratio between the investors and project developer. On average, the annual rate of returns for <a href=\"https:\/\/ethis.co\/id\/discover\/\">Ethis projects is at a staggering 15%<\/a>.<\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Importance_of_Risk_Management\"><\/span>Importance of Risk Management<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\">In a Mudharabah contract, effective risk management is pivotal in reducing all controllable risks to ensure the success of the venture and to protect investors. This is of utmost importance for a business such as Ethis. In order to manage those risks, Ethis engages in 4 vital processes:<\/p>\n<ol style=\"text-align: justify;\">\n<li>Performing intensive vetting on the viability of individual social-impact, real estate projects through our internal project screening mechanism<\/li>\n<li>Partnering with credible project developers that possess a near-perfect track record<\/li>\n<li>Fixed currency rates by a third-party entity for the whole tenure of the investment to hedge the volatility in currency rate risk<\/li>\n<li>Ethis local partner holds collateral of the land for every housing project as protection in the event of default by the project developer<\/li>\n<\/ol>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"What_are_the_Advantages_of_Using_a_Profit-Sharing_Contract\"><\/span><strong>What are the Advantages of Using a Profit-Sharing Contract?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\">Mudharabah represents a common form of partnership arrangement used in Islamic finance transactions. The utilization of a profit-sharing arrangement eliminates the presence of usury in a business or financial transaction. There are numerous benefits of using profit-sharing arrangements, which includes:<\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"1_Avoiding_the_Destructive_Nature_of_Interest\"><\/span><strong>1. Avoiding the Destructive Nature of Interest<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\">It is interesting to note that Islam, Christianity and Judaism are unanimous in prohibiting usury due to its harmful effects on society. Not only that, various studies by independent scholars and researchers have corroborated the negative effects of interest, as listed below:<\/p>\n<ul style=\"text-align: justify;\">\n<li>\n<h4><span class=\"ez-toc-section\" id=\"Economic_Exploitation\"><\/span>Economic Exploitation<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>Interest-based transactions allow&nbsp;the lender to generate a fixed rate of return effortlessly, without expanding any effort, resource or time. This is the exact opposite of trade, whereby there is an exchange of real value. Essentially, the lender bears no risks due to the fixed-nature of loans. This imbalance leads to a greater concentration of wealth by the rich, who can then yield considerable economic and social power over the masses.<\/li>\n<li>\n<h4><span class=\"ez-toc-section\" id=\"Increasing_Indebtedness\"><\/span>Increasing Indebtedness<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>It is a common trend for many to acquire a huge amount of debt to finance their lifestyle. It is enslaving for us to outstretch our financial capabilities and be sucked into a vicious cycle of debt. This is the reality for most who are simply scraping by to survive. Ironically, the fuel of our banking system (which represents the main pillar of our economy) is debt. Banks are incentivized to create more debt by lending money to the masses since it increases their profitability. The most recent example of the real consequences of debt was the 2008 global financial crisis. Millions of people lost their homes, wealth, assets and jobs due to acquiring an unsustainable level of debt.<\/li>\n<\/ul>\n<ul style=\"text-align: justify;\">\n<li>\n<h4><span class=\"ez-toc-section\" id=\"Wealth_Inequality\"><\/span>Wealth Inequality<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>This refers to income distributed in an uneven manner throughout society. The disparity between the rich and the poor is getting wider with time, and this is a worrisome trend. Wealth inequality could lead to a host of negative consequences which includes an unacceptable degree of control by the wealthy. This could, therefore, lead to undermining the integrity of political institutions and the economic system.<\/li>\n<\/ul>\n<p style=\"text-align: justify;\">These justifications serve as a reminder of the need for an alternative mechanism that is free from the clutches of usury.<\/p>\n<blockquote><p><em>Fundamentally, the amount of profit should be proportionate to the amount of risk assumed in any transaction. This will therefore align the interests of all stakeholders to a singular focal point in ensuring the success of the venture. This will ultimately benefit all parties economically and socially.<\/em><\/p><\/blockquote>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"2_Potential_for_High_Returns\"><\/span><strong>2. Potential for High Returns<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\">Traditionally, access to investments that generate a high rate of returns is only available to accredited investors, who are normally categorized as wealthy high net worth individuals. It is, therefore, an exclusive investment option that the average person has no access to. Profit-sharing arrangements is a great way for any individual to get in the action of high-return investments. Since profit-sharing entails assuming risks by investors, they are entitled to receive a portion of the profits from the venture. These returns are almost always favourable to the investors. For instance, Ethis is a real estate crowdfunding platform that offers average returns of up to 15%! In addition, the Financial Technology (FinTech) revolution has contributed to leveling the playing field in terms of offering a diverse array of investment alternatives, including crowdfunding. (See also: <em><a href=\"https:\/\/ethis.co\/blog\/crowdfunding-grow-wealth\/\">Crowdfunding: A New Way to Grow Your Wealth<\/a><\/em>)<\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"3_Efficient_Resource_Management\"><\/span><strong>3. Efficient Resource Management<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\">Since the expected profits depend directly on the performance of the venture, the entrepreneur has to present a viable plan to potential investors in ensuring its success. This provides a naturally strong incentive for the entrepreneur to perform a thorough analysis to reduce risks and allocate resources more efficiently. This is thus a symbiotic relationship whereby both parties leverage on the competence of the other; the investor provides the resources (i.e. funds) while the entrepreneur provides the necessary skills and expertise. Hence, there is an implicit trust that the entrepreneur would maximise resources efficiently to perform well.<\/p>\n<p><!-- [if lte IE 8]>\n<script charset=\"utf-8\" type=\"text\/javascript\" src=\"\/\/js.hsforms.net\/forms\/v2-legacy.js\"><\/script>\n<![endif]--><br \/>\n<script charset=\"utf-8\" type=\"text\/javascript\" src=\"\/\/js.hsforms.net\/forms\/v2.js\"><\/script><br \/>\n<script><br \/>\n  hbspt.forms.create({<br \/>\n\tportalId: \"2627399\",<br \/>\n\tformId: \"bba04de7-5725-459c-a309-dc8abc86ab1a\"<br \/>\n});<br \/>\n<\/script><\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"4_Wealth_Distribution\"><\/span><strong>4. Wealth Distribution<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\">A profit-sharing contract is a great way of wealth distribution. It allows investors to potentially get a higher rate of returns since risks are shared. Especially so in a crowdfunding arrangement, where investors can partake in investments that offer a considerable rate of return for a relatively small investment amount. The accessibility of alternative investment options, such as Ethis, allows for greater financial inclusion since anyone can invest for as low as SGD250. A greater degree of financial inclusion would enrich the masses and potentially alleviate the growing issue of wealth inequality.<\/p>\n<blockquote><p><em>The universal principle of moral equality dictates that every individual matter in the same way, and it is our collective obligation to increase their well-being if we can.<\/em><\/p><\/blockquote>\n<p style=\"text-align: justify;\">For a more detailed explanation of Ethis&#8217; model, please look at our video below:<\/p>\n<div class=\"jetpack-video-wrapper\"><span class=\"embed-youtube\" style=\"text-align:center; display: block;\"><iframe class=\"youtube-player\" width=\"1160\" height=\"653\" src=\"https:\/\/www.youtube.com\/embed\/Wm5tx_bx8Sg?version=3&#038;rel=1&#038;showsearch=0&#038;showinfo=1&#038;iv_load_policy=1&#038;fs=1&#038;hl=en-US&#038;autohide=2&#038;start=3&#038;wmode=transparent\" allowfullscreen=\"true\" style=\"border:0;\" sandbox=\"allow-scripts allow-same-origin allow-popups allow-presentation\"><\/iframe><\/span><\/div>\n<p style=\"text-align: justify;\">For more information on the developments in Islamic finance, check out <a href=\"https:\/\/ethis.co\/blog\/islamic-crowdfunding\/\"><em>What is Islamic Crowdfunding?<\/em><\/a><\/p>\n<p style=\"text-align: justify;\"><strong>Sources :<\/strong><\/p>\n<ul style=\"text-align: justify;\">\n<li>T<a href=\"http:\/\/ideas.ted.com\/the-4-biggest-reasons-why-inequality-is-bad-for-society\/\">he 4 Biggest Reasons Why Inequality is Bad for Society<\/a><\/li>\n<li>Profit&nbsp;and&nbsp;Loss Sharing:&nbsp;The Flagship&nbsp;of&nbsp;Islamic Banking&nbsp;and Finance by Abdul Karim Abdullah<\/li>\n<\/ul>\n<hr>\n<p style=\"text-align: justify;\"><em>Ethis is the world\u2019s first Real Estate Islamic Crowdfunding Platform and is at the forefront of the Fintech revolution. Our international community of 20,000 private investors crowdfunds investments in entrepreneurial, business, trade, and Real Estate activities in Emerging Asia.<\/em><\/p>\n<div class=\"rns\" data-title=\"Islamic Finance Contract: Mudharabah\" data-tags=\"islamic finance,islamic finance contract,mudharabah,mudharabah arrangement,mudharabah contract,profit-sharing,profit-sharing arrangement\" data-categories=\"Islamic Finance,Top Posts\" data-comments=\"3\" data-date=\"1491383849000\" data-author=\"Aziz Zainuddin\" data-single=\"\" data-url=\"https:\/\/ethis.co\/blog\/islamic-finance-contract-mudharabah\/\"><\/div> <!-- Check out https:\/\/reactandshare.com -->","protected":false},"excerpt":{"rendered":"<p>In this article, we will be explaining the concept of Mudharabah and the advantages of using profit-sharing arrangements. What is Mudharabah? Mudharabah is essentially an &hellip; <span class=\"read-more-link\"><a class=\"read-more\" href=\"https:\/\/ethis.co\/blog\/islamic-finance-contract-mudharabah\/\">Read More &rsaquo;<\/a><\/span><\/p>\n","protected":false},"author":3,"featured_media":385,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":""},"categories":[119,1985],"tags":[121,323,318,320,319,321,322],"aioseo_notices":[],"jetpack_featured_media_url":"https:\/\/ethis.co\/blog\/wp-content\/uploads\/2017\/04\/quran-2050837_1280.jpg","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/pbDwgm-4M","_links":{"self":[{"href":"https:\/\/ethis.co\/blog\/wp-json\/wp\/v2\/posts\/296"}],"collection":[{"href":"https:\/\/ethis.co\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ethis.co\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ethis.co\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/ethis.co\/blog\/wp-json\/wp\/v2\/comments?post=296"}],"version-history":[{"count":1,"href":"https:\/\/ethis.co\/blog\/wp-json\/wp\/v2\/posts\/296\/revisions"}],"predecessor-version":[{"id":6656,"href":"https:\/\/ethis.co\/blog\/wp-json\/wp\/v2\/posts\/296\/revisions\/6656"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ethis.co\/blog\/wp-json\/wp\/v2\/media\/385"}],"wp:attachment":[{"href":"https:\/\/ethis.co\/blog\/wp-json\/wp\/v2\/media?parent=296"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ethis.co\/blog\/wp-json\/wp\/v2\/categories?post=296"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ethis.co\/blog\/wp-json\/wp\/v2\/tags?post=296"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}