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Marks= 5
Starting Date Thursday, May 15, 2014
Closing Date Friday, May 16, 2014
Status Open
Question/Description

  Topic to be tested:

  • MUSHARAKAH

 

Learning Objectives:

  • To develop an understanding about the Partnership and its types used under Islamic Sharia.

 

CASE:

Mr. A & Mr. B form a partnership (Shirkat-ul-Aqd) where capital, management, profit, risk and labor are taken at par while Mr. C & Mr. D entered into the same type of partnership where partners settled the terms for capital, management, profit, risk and labor on inequality basis.

Discussion Questions:

 

  1. Identify the types of “Shirkah” chosen by “Mr. A & Mr. B” and “Mr. C & Mr. D” for their business.
  2. Which type of “Shirkah” identified in requirement (1) is preferable in your opinion? Explain with logical arguments.
  3. Write the single most distinguished valid point of partnership under Islamic Shariah.   

Views: 477

Replies to This Discussion

The single point that become the reason of the distinguish is the profit and loss sharing in the partner ship .in the Aqd bayn al-Mutasharikayn the profit and loss share at par .it mean that the profit and loss is share as per the investment ratio of the partner of the business.

1. Identify the types of “Shirkah” chosen by “Mr. A & Mr. B” and “Mr. C & Mr. D” for their business
Mr. A & Mr. B choose Aqd bayn al-Mutasharikayn and Mr. C & Mr. D choose Mudarabat 
2) Which type of “Shirkah” identified in requirement (1) is preferable in your opinion? Explain with logical arguments
Answer 
Aqd bayn al-Mutasharikayn is preerable now you have to define it with logical reasons
Write the single most distinguished valid point of partnership under Islamic Shariah. 
Answer:
Most valid distinguishable point in my sense is that in 1st category the profit and loss is equally divided among partners whereas in 2nd category which is Mudabarat there is inequality.

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