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 ?
'Shirkah' means 'sharing' and in the terminology of Islamic Fiqh, it has been divided into two kinds called Shirkat-ul-milk (partnership by joint ownership) and Shirkat-ul-Aqd (partnership by contract).
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).
b) Shirkah: where two or more individuals pool financial resources and share profit and loss on an agreed ratio and held liable to the extent of their capital, and
This work has been posthumously reprinted in three volumes by Shirkah Daral-Arqam bin abi al-arqam, n.d.; in a short note at the beginning of the third volume, the publisher states that this volume is based upon Dhahabi's lectures which he delivered at the University of Baghdad between 1960-63 and they can serve as a prologue to many discussions of al-Tafsir wa'l-Mufassirun.
Shirkah: A contract between two or more persons who launch a business or financial enterprise###Wakalah: A contract of agency in which one person appoints someone else to perform a certain
Ahmed, CEO of PakQatar Family Takaful, Alberto (CEO of Shirkah Finance, Switzerland, Professor Khawajah Amjed Saeed, Principal of Haley College of Banking and Finance, Prof.