AAOIFI Shariah Standards

Sharikah (Musharakah) and Modern Corporations: Appendix B - The Shariah Basis for the Standard

Permissibility of Partnership

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The Fuqaha have classified partnerships into four categories, namely Sharikat al-’Inan (contractual partnership), Sharikat al-Abdan (skilled trade partnership), Sharikat al-Mufawadah (agency-like partnership) and Sharikat al-Wujuh (creditworthiness or reputation partnership). The most important of all is Sharikat al- ’Inan (contractual partnership). The permissibility of this form of partnership is established by the Qur`an, the Sunnah and practical consensus of the Fuqaha.

« Appendix A - Brief History of the Preparation of the Standard Appendix C - Definitions »

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