Filter by Categories
Accounting
Banking

Islamic Finance




Sharikat al-Aqd


Arabic (شركة العقد) for a type of sharikah (partnership) that is formed by means of mutual agreement between two or more persons who agree that each of them contributes to the capital of the business and is entitled to a corresponding share in its financial results (profits or losses). The contracting parties agree to combine their assets, efforts, and/or liabilities for the purpose of making profits. Sharikat al-aqd is traditionally classified as: sharikat al-inan, sharikat al-wojooh, sharikat al-mufawadhah, and sharikat al-a’maal.

This type of sharikah is also known as sharikat al-uqud.

Sharikat al-aqd is Arabic for contract partnership or contractual partnership.



ABC
The last three decades have witnessed the modern rebirth of Islamic finance both in terms of literature and practice. Islamic banks and ...
Watch on Youtube
Remember to read our privacy policy before submission of your comments or any suggestions. Please keep comments relevant, respectful, and as much concise as possible. By commenting you are required to follow our community guidelines.

Comments


    Leave Your Comment

    Your email address will not be published.*