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  • MUSHARIKA

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    Fatima Mumtaz
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    1. Musharaka refers to a partnership where two or more parties join capital for a common business objective and share profits and losses proportionately. 2. There are two major types of musharaka: musharaka al milk, where capital is mixed, and musharaka al aqd, based on a contract. Scholars also recognize five other types. 3. Common practices of musharaka include musharaka al inan where all partners contribute capital and labor, musharaka al mufawadah where contributions and profits are equal, and mudaraba where one party provides capital and the other provides labor with profits shared between them.

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    1. Musharaka refers to a partnership where two or more parties join capital for a common business objective and share profits and losses proportionately. 2. There are two major types of musharaka: musharaka al milk, where capital is mixed, and musharaka al aqd, based on a contract. Scholars also recognize five other types. 3. Common practices of musharaka include musharaka al inan where all partners contribute capital and labor, musharaka al mufawadah where contributions and profits are equal, and mudaraba where one party provides capital and the other provides labor with profits shared between them.

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    20 views2 pages

    MUSHARIKA

    Uploaded by

    Fatima Mumtaz
    1. Musharaka refers to a partnership where two or more parties join capital for a common business objective and share profits and losses proportionately. 2. There are two major types of musharaka: musharaka al milk, where capital is mixed, and musharaka al aqd, based on a contract. Scholars also recognize five other types. 3. Common practices of musharaka include musharaka al inan where all partners contribute capital and labor, musharaka al mufawadah where contributions and profits are equal, and mudaraba where one party provides capital and the other provides labor with profits shared between them.

    Copyright:

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    MUSnAkIkA

    1he noLlon of musharlka ls LhaL Lwo or more persons [oln hands for common ob[ecLlve 1hls
    ob[ecLlve ls Lo earn proflLs roflLs are dlvlded ln parLles ln proporLlonaLe raLlons ln Lngllsh
    Law Lhls ls called arLnershlp
    lf losses are susLalned Lhey are also dlvlded ln proporLlonaLe raLlo 1here can be no buslness
    wlLhouL a rlsk 8lsks are also proporLlonaLely dlvlded
    uef leglLlmacy from book
    k|nds of Mushar|ka
    1here are Lwo ma[or klnds
    1 harlkaL al mllk
    2 harlkaL al aqd
    1hese Lwo klnds were prevalenL even before advenL of lslam
    Accordlng Lo ma[orlLy Lhere are flve klnds of lL
    1 harlkaL al lnan
    2 harlkaL al mufawadah
    3 harlkaL al mal
    4 harlkaL al wu[uh
    3 harlkaL al mudarabah
    1he prevalllng pracLlces are
    1 harlkaL al lnan
    2 harlkaL al mufawadah
    3 harlkaL al muzarah
    4 harlkaL al musaqah
    3 harlkaL al mudarabah
    Panfls dlsLlngulsh on [usL Lwo basls (l) wheLher boLh parLles are worklng/ conLrlbuLlng
    (ll) wheLher boLh parLles are worklng 8ased on Lhls Lhey have glven many klnds

    O eneral parLnershlp LhaL we know ls lnan parLnershlp
    O ln Mufawadah Lhere are Lwo or more persons who equally conLrlbuLe Lo caplLal
    and equally conLrlbuLe Lo servlces and geL proflL on equal basls
    O ln mudarabah Lhere are Lwo parLles one ls called rab ul mal and Lhe oLher ls
    called mudarlb erson renderlng caplLal (rab ul mal) wlll noL render servlces
    1he oLher (mudarlb) wlll only render servlces
    O ln muzara belng Lhe land owner you provlde Lhe caplLal (land caplLal ferLlllzer
    eLc) and Lhe hlred person wlll harvesL reap and provlde all klnd of servlces Crop
    yleld wlll be dlvlded among owner and LenanL accordlng Lo agreed raLlo
    O Musaqah ls a conLracL ln farms usually ?ou hlre a person who Lakes care of your
    Lrees aL farm (Lhough he does noL planL Lhem) Lhe yleld wlll be dlvlded accordlng
    Lo agreed raLlo Pe geLs Lhls agalnsL renumeraLlon 1hls raLlon varles from one
    area Lo anoLher

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