Mudarabah
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Mudarabah

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Questions and Answers

Which of the following best describes musyarakah?

  • A form of partnership where two or more persons combine their capital or labour together (correct)
  • A form of partnership where two or more persons combine their capital only
  • A form of partnership where two or more persons combine their capital and labour separately
  • A form of partnership where two or more persons combine their labour only
  • Which schools of thought consider musyarakah a valid and legitimate contract in Islam?

  • All schools of thought (correct)
  • Hanafiyyah and Malikiyyah
  • Shafi’iyyah
  • Hanbaliyah
  • What do partners in musyarakah share?

  • Rights and liabilities (correct)
  • Losses
  • Capital
  • Profits
  • Can musyarakah be formed with only capital?

    <p>No</p> Signup and view all the answers

    What is the consensus of opinion regarding musyarakah among the jurists?

    <p>It is a valid and legitimate contract in Islam</p> Signup and view all the answers

    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.

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