Podcast
Questions and Answers
Which of the following best describes musyarakah?
Which of the following best describes musyarakah?
Which schools of thought consider musyarakah a valid and legitimate contract in Islam?
Which schools of thought consider musyarakah a valid and legitimate contract in Islam?
What do partners in musyarakah share?
What do partners in musyarakah share?
Can musyarakah be formed with only capital?
Can musyarakah be formed with only capital?
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What is the consensus of opinion regarding musyarakah among the jurists?
What is the consensus of opinion regarding musyarakah among the jurists?
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Study Notes
Musyarakah in Islam
- Musyarakah is a partnership contract in Islamic finance where two or more parties contribute capital and labor to a joint venture, sharing profits and losses.
Validity of Musyarakah
- The Hanafi, Maliki, and Shafi'i schools of thought consider musyarakah a valid and legitimate contract in Islam.
Partnership in Musyarakah
- Partners in musyarakah share profits and losses in proportion to their capital contributions.
Forming Musyarakah
- Musyarakah cannot be formed with only capital; it requires both capital and labor contributions from partners.
Consensus on Musyarakah
- There is a consensus of opinion regarding musyarakah among Islamic jurists, with all major schools of thought accepting it as a legitimate contract.
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Description
Test your knowledge on Mudarabah, an Islamic financial concept of partnership. Learn about the roles of sahib al-mal and mudarib, and how this form of partnership operates in various ventures.
