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 (D)</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 (B)</p> Signup and view all the answers

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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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