Partnership Contracts

Partnership contracts refer to contracts which are entered into for the purpose of having a partnership in work and profit. It is founded upon the spirit of cooperation and partnership in the sense that profits are shared together by the partners and losses are borne by both of them. For further details see: ISRA, Islamic Financial System; Principles and Operations.

Musharakah


Resolution No. 148 (6/16): Al-Kafalatu Al-tijariyyah (Commercial Guarantee)
Obtaining LCs Without Adequate Funds
Resolution No. 156 (5/17): The Completion Of Sukuk Al-Musharakah: The Components Of Its Assets
Can One Partner Lease his Half of a Jointly Owned Asset to Another Partner?
Can the Public Be Invited to Invest in an Unbuilt Real Estate Project If the Land and Designs Are Ready?
Issue Of Partial Completion in Istisna'a
Finance jointly with a usurious financer
Can a Trucking Company Charge Its Truckers a Commission for Acting as an Intermediary with the Government?
Is it Lawful for the Government to Provide a Guaranteed Minimum Profit on a Project?
What Is the Ruling on the Agreement for Purchase and Resale of a Plane Where KFH Purchases It Through a Partnership and Sells It Through Murabahah?
Guarantees As Separate Contracts in Musharakah, Mudarabah & Wakala
Syndicated Financing Between Islamic And Conventional Institutions
Can an Islamic Bank Partner with a Conventional Bank in a Lawful Project?
Can One Party Take Two Separate Roles in One Investment Operation?
What’s the Shariah Ruling Regarding Buying a Specific Commodity Based Upon a Customer’s Promise to Buy the Commodity by Deferred Payment?
The Shariah Advisory Council of Bank Negara Malaysia (the SAC) 146th Meeting
The Shariah Advisory Council of Bank Negara Malaysia (the SAC) 143rd Meeting
The Shariah Advisory Council of Bank Negara Malaysia (the SAC) 135th Meeting
Resolution No. 104: The permissibility of participating with University A to develop a cure for cancer
Resolution No. 114: The permissibility of the lessee participating in the profit or loss when the leased asset is sold
Resolution No. 117: A partnership agreement between Al Rajhi Corporation and Company A
Asking the Customer for a Share of His Profits as Payment for a Murabahah Sale
Can One Buy Shares of Jointly Owned Property and then Sell Them to One of the Partners by Murabahah?
Joint Purchase Followed by a Murabahah Resale to One of the Partners
دفع الزكاة عن أرباح أموال المساهمين أو الاحتياطيات
مسؤولية العميل عن التأمين في معاملات المشاركة
عمل وديعة مخصصة من دون خلطها بأموال المصرف
السحب المبكر من وعاء المضاربة
احتساب نتائج المشاركة
Legal Constraints on Buying Shares of Limited Liability Companies
Profit Sharing Fund
Shares: Guarantee
Third Party Guarantee – Without Consideration
Fee For Group Financing
A Purchase Undertaking and Earnest Money for Murabahah
A Purchase Undertaking and Earnest Money for Murabahah
A Difference in Profit Share of Jointly Owned Property
Allocating Profit For Expenses Borne By One Of The Partners in a Musharakah
An Islamic Bank Paying a Customer’s Credit Card Bill from His Deposited Funds
Business Expenses in Musharakah based on Percentage of Capital
Buying a Piece of Jointly Owned Real Estate and then Selling It Back to One of the Partners
Trading With A Related Entity
Can a Company Partner Be an Employee of the Same Company?
Can an Investor Exit a Portfolio by Selling His Share before Revenue Distribution?
An Heir Asks the Bank to Buy the Shares of Certain Heirs in a House and Then Sell It to the Rest of Them; Can the Bank Reserve the Right to Sell to Another Buyer?
One Party Buys a Truck; the Other Drives It for Monthly Expenses Plus a Share of the Profit after the Owner has Recovered the Price of the Truck
Can the Bank Buy a Car That Was Purchased by Its Appraiser?
Is KFH Considered a Mudarib or an Agent for Customers in a Currency Portfolio?
Is It Allowed to Sell a Share of Common Property That Has Been Leased Out?
Is It Allowed for a Partner in a Deferred Payment Sale to Sell Its Share to a New Partner?
If One Partner Injects Additional Capital after the Initial Capitalization, Should the Shares of Profit Be Adjusted?
Is It Allowed for a Partner to Sell Commodities to Other Partners?
Is It Allowed For a Partner to Sell Commodities to the Partnership?
Is It Allowed for a Partner to Stipulate a Fixed Salary for Managing the Company and Then Distribute the Profits According to Agreement?
Clarifications on Some Conditions of Partnership
Is It Allowed to Sell the Shares of a Company While It Is Still Being Established?
Is It Allowed to Buy the Shares of Companies Whose Activities Are Lawful but Have Usurious Loans?
Is It Allowed to Give Shares as Compensation for Labour?
What is the Ruling on Terminating an International Murabahah Deal before Its Term?
Revisiting the Ruling on Terminating an International Murabahah Deal before Its Term
Rulings of Investment in the Stock Exchange
What are the Rulings of Purchasing Existing Companies and Restructuring them so that they Conform to the Investment Requirements of the Shari’ah?
Is it Impermissible to Separate the Money of Depositors from the Money of Shareholders?
What are the Shari‘ah Conditions for a Musharkah?
Resolution No. 130 (14/4): Modern Companies: Holding Companies and Other Types of Companies, and Their Shari‘ah Rulings
Is it Allowed to an Islamic Financial institution to Buy Its Depositors’ Shares?
What Is the Shariah Ruling in Contributing in Projects that are Beneficial but Can Have Some Illegal Aspects like Hospitals?
What are the Shariah Rulings for Sukuk Musharakah?
What are the Condition in Financing the Building of an LPG Vessel?
Is it Allowed for a Fund to Stipulate that Sale of Shares Must be Done for the Partners Only?
Is it Allowed to Get Paid as Partner and Manager in a Musharakah?
The Rulings of the Musharakah Sukuk
Is it Allowed to Purchase Chalets under Construction that will be Sold to Customers?
Is it permissible for KFH to become involved in a portfolio for foreign currency exchange?
Is it Allowed to Participate in a Portfolio Where the Establisher Will Act as an Agent as well as a Principal on its Own Behalf?
Capital Contribution by Mudarib in Mudarabah Joint Venture
Financing Products Based on Musyarakah
What's the Shariah Opinion Regarding the Murabahah Partnership and its Profit Distribution?
Is it Permissible for the Bank to Purchase the Share of a Partner in a Limited Company and Sell it on Murabahah Basis?
Is it Permissible for the Bank to Invest in an Existing Real Estate Project in Exchange for a Specified Share of the Profits?
Is it Allowed for KFH to Purchase the Share of its Partner in a Real Estate and Sell It on Its Own to a Customer on a deferred-payment basis?
What’s the Fatwa Committee’s Opinion on the Following Musharakah Structure?
Is it Allowed for KFH to Finance the Construction of a Highway in Turkey Through a Partnership Contract Between KFH and the Contractor?
Is it Allowed for KFH in an Investment Partnership to Reserve the Partner the Right to Redeem Its Capital and Expected Profit in Case of Loss?
Is it Allowed for KFH to Get Involved as a Partner in a Fund that Borrows Based on Interest?
Is it Allowed for KFH as the Manager of a Fund to Accept Shares as the Capital Contribution of its Partner then Sell them in the Market and Add the Revenue to the Fund’s Capital?
Is it Permissible for KFH to Finance a Customer’s Purchase of his Partner’s Share in a Project?
What’s the Shariah Opinion Regarding the Contribution by Conventional Banks of No More Than 20% to the Establishment of an Investment Company?
Is It Allowed for KFH to Pay Shareholders’ Contribution in a Company as Qard Hasan and Mortgage the Shares of the Shareholders as a Security for the Benevolent Loan?
What’s the Shariah Criteria and Parameters for the Selection of Physicians and Nurses?
Buying and Selling of Shares in a Company
التنازل عن الإيجار والمصروفات والنفقات في اتفاقيات المشاركة
أخذ الأجرة على الضمان
شراء البنك حصة أحد الشركات في شركة عادية محدودة وبيعها مرابحة لأحد الشركاء
قيام البنك ببيع جزء من حصصه في المساهمة في المشروع في المستقبل لأشخاص آخرين بسعر أعلى من القيمة الاسمية
دخول البنك شريكًا في مشروع دواجن عن طريق تملك حصص مشاعة في أسهمه
المشاركة في نشاط تجاري يتعامل بالربا إقراضًا واقتراضًا
حسابات عمليات المشاركة
تسجيل أرباح عمليات تمويل لسنة مالية في ميزانية تلك السنة وهي لا تحصل إلا في السنة التالية
المشاركة بعد شراء أسهم
المشاركة في البناء
تطبيق نظام الثواب والعقاب في المشاركة
بيع البضائع موضوع المشاركة بواسطة البنك منفرداً من دون الرجوع إلى العميل في حالة التعثر
حسابات عمليات المشاركة والمضاربة
Murabaha - Standard (20)

Mudarabah


Who Bears the Loss in a Mudarabah Venture?
Hibah In Inter-Bank Mudharabah Investment Contract
If the Bank is the Mudarib, Are Its Employees’ Salaries and Allowances Deducted Before Calculating the Profit?
Transfer of Contract With The Intention of Absconding One’s Responsibilities
Can a Mudarib Sell What He Owns to His Principal without Seeking the Principal’s Permission?
Not Stating The Remuneration For The Agent
Guarantees As Separate Contracts in Musharakah, Mudarabah & Wakala
The Shariah Advisory Council of Bank Negara Malaysia (the SAC) 150th Meeting
The Shariah Advisory Council of Bank Negara Malaysia (the SAC) 146th Meeting
The Shariah Advisory Council of Bank Negara Malaysia (the SAC) 144th Meeting
RESOLUTION No. 76/7/8: PROBLEMS OF ISLAMIC BANKS
Resolution No. 115: The permissibility of entering into a partnership agreement with a client to import some goods
الجوائز النقدية أوالعينية
تمويل رأس المال العامل من خلال الوكالة بالاستثمار
التأمين على الديون والحياة
(كسر الوديعة (التخارج
الأرباح من وديعة الاستثمار
العائد على ودائع الاستثمار
عمل وديعة مخصصة من دون خلطها بأموال المصرف
أرباح المضاربة في حالة سحب الوديعة قبل انقضاء مدة المضاربة
توزيع الجوائز النقدية لودائع الاستثمار
توزيع الأرباح الناتجة عن عملية الاستثمار
إمكانية صياغة صكوك مشاركة تمويل محفظة
Murabahah Debt Restructuring with Central Banks as Guarantor
Guaranteeing the Shares of Participants of Profit-Sharing Funds and Clearance Funds
Profit Sharing Fund
Wadiah And Mudharabah Current Account
Special Investment Account
Can a Company Partner Be an Employee of the Same Company?
Does Profit-and-Loss Sharing Apply to the Shareholders’ Reserve Funds?
What is the Rule When an Unrestricted Investment Deposit Holder Wants to Withdraw His Deposit before the End of the Deposit Period?
an Islamic Bank “Loan” Employees to Another Institution When the Cost of Their Salaries Brings No Direct Benefit to the Bank’s Shareholders?
Can the Bank Buy a Car That Was Purchased by Its Appraiser?
Is It Allowed to Invest the Deposit of a Lease Contract?
Is KFH Considered a Mudarib or an Agent for Customers in a Currency Portfolio?
Is It Allowed for One Partner to Stipulate a Priority Right to Partnership Profits?
Is It Allowed to Stipulate a Fixed Salary for the Entrepreneur in Mudarabah Plus a Percentage of the Profit?
Is It Allowed for a Partner to Sell Commodities to Other Partners?
Is It Allowed to Distribute Mudarabah Profits on the Basis of Gross Profits Rather Than Net Profits?
Is It Allowed to Mix Deposits of Different Periods?
Can Investment Accounts Share in the Same Profit and Loss Calculation if They Are Opened on Different Dates?
How to Treat a New Deposit in a Mudarabah Investment Account?
Is it Allowed for a Partner to Replace his Customer in a Foreign Currency Investment?
Who is Responsible to Pay Zakah in a Profit-Sharing Partnership?
Is It Allowed to Simultaneously Act as an Agent and a Mudarib (Entrepreneur)?
Is it Impermissible to Separate the Money of Depositors from the Money of Shareholders?
Resolution No. 123 (5/13): Qirad or Mudarabah Mushtarakah (Joint Mudarabah) in Financial Institutions (Investment Accounts)
Is it Allowed to Hide the Profit of a Party In The Marketing Bulletin?
Is it Allowed to Hide the Profit Portion of the Mudarib in a Mudarabah Contract?
What is the view on funding projects by Mudarabah?
Utilisation of Third Party’s Asset Acquired Through Mudarabah Contract as Underlying Asset in Issuance of Sukuk Ijarah
Islamic Negotiable Instrument of Deposit Based on Mudarabah
Application of Mudarabah Contract in Current Account Product
Mudarabah Investment Certificate as Security
Profit Equalisation Reserve
Administrative Costs in Mudarabah Deposit Account
Intra-Day Transaction as an Islamic Money Market Instrument
Indirect Expenses
Assignment of Weightage
Practice of Islamic Financial Institutions in Transferring Mudarabah Investment Profit to Customer to Avoid Displaced Commercial Risk
Third Party Guarantee on Liability of a Mudarib’s Counterparty in Mudarabah Transaction
Mudarib’s Guarantee on Liability of His Counterparty in Mudarabah Joint Venture
Capital Contribution by Mudarib in Mudarabah Joint Venture
Third Party Guarantee for Capital and/or Profit in Mudarabah Transaction
Application of Wakalah bi al-Istithmar in Deposit Product
Hibah in Interbank Mudarabah Investment Contract
Ibra’ in Home Financing Product Linked to a Wadi`ah or Mudarabah Deposit Account
Current Account Product Based on Wadi`ah Yad Dhamanah and Mudarabah Contracts
Deposit Product Based on Mudarabah and Qard Contracts
Deposit Product Based on Wadi`ah and Mudarabah Contracts
Mudarabah Interbank Investment as Underlying Asset in a Deferred Payment Sale
The Existence of Underlying Asset Throughout the Sukuk Maturity Tenure
Priority of Depositors in Recovering Deposit in the Event of Winding Up of an Islamic Banking Institution
What’s the Committee’s Opinion Regarding the Following Proposals: Accepting Deposits, Execution of Banking Services and Financing & Investment Operations?
Mudarabah Contract Framework After Amendments
What's the Shariah Opinion Regarding the Purchase of Lorries in Order to Be Run by Another Party?
Is it Allowed for the Bank to Purchase Goods on Cash Basis from a Mudarabah Investment in order to Sell the Goods on Murabahah Basis Providing that the Bank is the Capital Provider of the Mudarabah?
What's the Shariah Opinion Regarding the Expansion of a Mudarabah Investment in Real Estate Between the Bank and Capital Provider to Involve Othe Investors? (Continued)
Is it Allowed for KFH in Collaboration with Citibank to Finance the Construction of a Highway in Turkey?
Terms and Conditions as the Minimum Requirements for Mudarabah Contracts Set By the Central Bank of Bahrain
Is It Allowed to Reserve 10 Kuwaiti Dinars in Automated Service Accounts of Which KFH Will Invest 6 Kuwaiti Dinars While the Rest Will be Treated like a Current Account?
RESOLUTION No. 30 (5/4): "MUQARADHA" BONDS AND INVESTMENT CERTIFICATES
Postponing the Specification of the Profit Ratio
تمويل رأس المال العامل من خلال الوكالة بالاستثمار
حسابات عمليات المشاركة
شراء البنك سيارات تسجل باسمه وتقوم جهات أخرى بتشغيلها
مشاركة البنك أحد العملاء في عقد المشاركة بالأرباح إذ إن التمويل من جانب البنك وتصريف البضاعة من جانب العميل
سندات المقارضة
احتساب الربح المستحق للودائع الاستثمارية
رفع المضارب حصته من الأرباح
تكوين احتياطي مخاطر الاستثمار
الإعلان عن احتساب النصيب المطلوب في عقود حسابات الاستثمار
المضاربة مع البنوك التقليدية
إنجاز عمليات استثمارية بالمضاربة مع شركات الإيجار المالي
حسابات عمليات المشاركة والمضاربة
Status of Conventional Fund Placed in Mudarabah Special Investment Account in the Event of Winding Up of Banking Institutions

Muzara'ah


Musaqah


Mugharasah


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