Essential theory of partnership capital in the schools of Islamic Law

The current paper takes the contract of commercial partnership (sharikah al ‘aqd) as an example and attempts to analyse the issue of joint ownership of capital and liability thereof, the approach to which appears to form the fundamental concept of partnership in Islamic Law. It is shown that each sc...

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Main Author: Sadique, Muhammad Abdurrahman
Format: Proceeding Paper
Language:English
Published: Zes Rokman Resources 2016
Subjects:
Online Access:http://irep.iium.edu.my/52330/
http://irep.iium.edu.my/52330/1/52330_Essential%20theory%20of%20partnership%20capital.pdf
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author Sadique, Muhammad Abdurrahman
author_facet Sadique, Muhammad Abdurrahman
author_sort Sadique, Muhammad Abdurrahman
building IIUM Repository
collection Online Access
description The current paper takes the contract of commercial partnership (sharikah al ‘aqd) as an example and attempts to analyse the issue of joint ownership of capital and liability thereof, the approach to which appears to form the fundamental concept of partnership in Islamic Law. It is shown that each school of Islamic law has adopted a distinct conception regarding the essential nature of partnership based primarily on their approach to these aspects, on which the detailed rules related to different areas of partnership are based. It is vital that the new rules developed be assessed for conformity with the fundamental conceptions of Shari‘ah on the subject, so as to preserve the uniformity and coherence of Shari‘ah regulations.
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format Proceeding Paper
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institution International Islamic University Malaysia
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language English
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spelling iium-523302017-01-17T02:37:32Z http://irep.iium.edu.my/52330/ Essential theory of partnership capital in the schools of Islamic Law Sadique, Muhammad Abdurrahman KBP1 Islamic law.Shariah.Fiqh KBP425 Uṣūl al-fiqh. Jurisprudence and theory of law. Science of legal reasoning. KBP490 Furūʻ al-fiqh. Substantive law. Branches of law. KBP639 Muʻāmalāt The current paper takes the contract of commercial partnership (sharikah al ‘aqd) as an example and attempts to analyse the issue of joint ownership of capital and liability thereof, the approach to which appears to form the fundamental concept of partnership in Islamic Law. It is shown that each school of Islamic law has adopted a distinct conception regarding the essential nature of partnership based primarily on their approach to these aspects, on which the detailed rules related to different areas of partnership are based. It is vital that the new rules developed be assessed for conformity with the fundamental conceptions of Shari‘ah on the subject, so as to preserve the uniformity and coherence of Shari‘ah regulations. Zes Rokman Resources 2016-10-08 Proceeding Paper PeerReviewed application/pdf en http://irep.iium.edu.my/52330/1/52330_Essential%20theory%20of%20partnership%20capital.pdf Sadique, Muhammad Abdurrahman (2016) Essential theory of partnership capital in the schools of Islamic Law. In: 2nd Kuala Lumpur International Islamic Studies and Civilisations (KLiiSC2 2016), 8th-9th Oct. 2016, Kuala Lumpur. http://www.KLiisc.com
spellingShingle KBP1 Islamic law.Shariah.Fiqh
KBP425 Uṣūl al-fiqh. Jurisprudence and theory of law. Science of legal reasoning.
KBP490 Furūʻ al-fiqh. Substantive law. Branches of law.
KBP639 Muʻāmalāt
Sadique, Muhammad Abdurrahman
Essential theory of partnership capital in the schools of Islamic Law
title Essential theory of partnership capital in the schools of Islamic Law
title_full Essential theory of partnership capital in the schools of Islamic Law
title_fullStr Essential theory of partnership capital in the schools of Islamic Law
title_full_unstemmed Essential theory of partnership capital in the schools of Islamic Law
title_short Essential theory of partnership capital in the schools of Islamic Law
title_sort essential theory of partnership capital in the schools of islamic law
topic KBP1 Islamic law.Shariah.Fiqh
KBP425 Uṣūl al-fiqh. Jurisprudence and theory of law. Science of legal reasoning.
KBP490 Furūʻ al-fiqh. Substantive law. Branches of law.
KBP639 Muʻāmalāt
url http://irep.iium.edu.my/52330/
http://irep.iium.edu.my/52330/
http://irep.iium.edu.my/52330/1/52330_Essential%20theory%20of%20partnership%20capital.pdf