Shirkah

Shirkah

In Islamic finance, an agreement between two or more parties forming a business or other venture. There are two basic types of shirkah: mudharaba and musharika. In a mudharaba, one party contributes capital and another manages the business. In a musharika, multiple parties contribute capital. In both cases, the shirkah must comply with Islamic law.
References in periodicals archive ?
In Islamic banking service, the bankers apply Islamic finance models (IFMs) such as Shirkah, Bai, Ijarah, and Wakalah as plans of actions.
Equity participation includes the term, Musharka, (1) Shirkah in Arabic, which is a partnership in a venture (Chapra, 1986; Siddiqi, 2005; Aggarwal and Yousef, 2000).
This work has been posthumously reprinted in three volumes by Shirkah Daral-Arqam bin abi al-arqam, n.