View source for Musharaka by Muhammad Zubair Usmani



== Top 20 FREQUENT WORDS ==
musharakah 29
partners 25
partner 19
profit 16
contract 12
termination 9
agreed 8
assets 8
investment 8
business 7
proportion 7
ratio 7
agreement 6
amount 5
determined 5
distribution 5
features 5
loss 5
rules 5
distributed 4
liquidation 4



== DOCUMENT KEY POINTS ==
*jamia darul uloom karachi present at alhuda cibe workshop at nibaf a state bank of pakistan islamabad
*the concept of musharakah by doctor muhammad zubair usmani sharia advisor muslim commercial bank ltd

*the basic rules and features of musharakah a c musharakah means relationship established under a contract by the mutual consent of the parties for sharing of profits and losses arising from a joint enterprise or venture
*a c profits shall be distributed in the proportion mutually agreed in the contract

*the basic rules and features of musharakah the existence of muta aqideen partners a c capability of partners must be sane mature and be able of entering into a contract
*the ratio of their profit cannot exceed the ratio which their capital investment bears so the total capital investment in musharakah

*a management fee however can be paid to the partner managing the musharakah provided the agreement for the payment of such fee is independent of the musharakah agreement
*the basic rules and features of musharakah a c it is not allowed to fix a lump sum amount for any of the partners or any rate of profit tied up with his capital

*in the latter case the market value of the commodities shall determine the share of the partner in the capital

*a c the rate of profit sharing should be determined the share of each partner in the profit earned should be identified at the time of the contract
*the basic rules and features of musharakah a c the presence of the commodity this means the price and commodity itself

*if the ratio of profit for each partner must be determined in proportion to the actual profit accrued to the business and not in proportion to the capital invested by him
*it is not allowed to fix a lump sum amount for any one of the partners or any rate of profit tied up with his investment

*per month as his share in the profit and the rest will go to b the partnership is invalid
*illustration if a and b enter into a partnership and it is agreed between them that a shall be given rs

*observations if a lump sum amount or a certain percentage of the investment has been agreed for any one of the partners it must be expressly mentioned in the agreement that it will be subject to the final settlement at the end of the term meaning thereby that any amount so drawn by any partner shall be treated as on account payment and will be adjusted to the actual profit he may deserve at the end of the term
*but if no profit is actually earned or is less than anticipated the amount drawn by the partner shall have to be returned

*sharing of loss in the case of a loss all the muslim jurists are unanimous on the point that each partner shall suffer the loss exactly according to the ratio of investment
*therefore if a partner have invested of the capital he must suffer of the loss not more not less and any condition to the contrary shall render the contract invalid

*termination of musharakah musharakah is deemed to be terminated in any one of the following events every partner has a right to terminate the musharakah at any time after giving his partner a notice to this effect whereby the musharakah will come to an end
*but if the assets are not liquidated the partners may agree either on the liquidation of the assets or on their distribution or partition between the partners as they are

*termination of musharakah in case of a dispute if there is a dispute between the partners in this matter ie one partner seeks liquidation while the other wants partition or distribution of the nonliquid assets themselves the latter shall be preferred because after the termination of musharakah all the assets are in the joint ownership of the partners and a co owner has a right to seek partition or separation and no one can compel him on liquidation
*however if the assets are such that they cannot be separated or partitioned such as machinery then they shall be sold and the sale proceeds shall be distributed

*his heirs in this case will have the option either to draw the share of the deceased from the business or to continue with the contract of musharakah

*the partners who want to run the business may purchase the share of the partner who wants to terminate his partnership because the termination of musharakah with one partner does not imply its termination between the other partners
*termination of musharakah without closing the business if one of the partners wants termination of the musharakah while the other partner or partners like to continue with the business this purpose can be achieved by mutual agreement


 ''Please note, This is an auto generated summary based on sentances position in the document and other factors''
== DOCUMENT WORD ANALYSIS ==
=== Main Category ===
: AlHuda Material\islamic banking


=== KeyWords ===
contract price sale asset financing lease client purchase ijarah payment profit musharakah lessee amount commodity housing agreement contracts ownership project



== RELATED DOCUMENTS ==
:[[An Introduction to Islamic Finance by Taqi Usmani]] 
:[[Analysis of Islamic Financial Instruments in Terms of Microf]] 
:[[Bai ( Buying & Selling ) By Zubair Mughal]] 
:[[Bai Istisna by Mufti Mujeeb]] 
:[[Bai Salam by Mufti Mujeeb]] 
:[[contracts in islamic commercial Finance]] 
:[[Diminishing Musharaka & Shariah]] 
:[[Diminishing Musharaka by Mehmood Shafqaat]] 
:[[Diminishing Musharakah by Yahya Asim]] 
:[[Diminshing Musharakah by Muhammad Shaheed Khan]] 
:[[FAQs on Islamic Banking by State Bank of Pakistan]] 
:[[Glossary of Islamic Banking and Finance]] 
:[[Ijara  by Zubair Usmani]] 
:[[Ijara by Mehmood Shafqat 25-10-07]] 
:[[Ijarah ( Lease ) by Dr.Abdul Sattar Abu Ghuddah]] 
:[[Ijarah by Dr. Abdul Sattar]] 
:[[Ijarah by Umer Mustafa]] 
:[[Intriduction to Islamic Banking and finance By Muhammad Ayub]] 
:[[Islam, Murabaha and Fixed Deposits]] 
:[[Islamic-Finance]] 
:[[Islamic Banking � Products & Operations by Duncan R. Smith]] 
:[[Islamic Banking and Investment by ML. Shoayb Joosub]] 
:[[Islamic Banking modes for House Building Finance by Mahm]] 
:[[Islamic BankingTuranBank2]] 
:[[Islamic Finance by Mahmood Al- sheahabi]] 
:[[Islamic Financial Accounting Standards to Ijarah by Ahmed Al]] 
:[[Islamic Financial Services]] 
:[[Islamic modes of Business and Finance]] 
:[[Islamic Modes of Finance by Muhammad Khaleequzzaman]] 
:[[Istisna  as Mode of Finance]] 
:[[Istisna by Muhammad Khaleequzzaman]] 
:[[Istisna by Mujeeb Baig]] 
:[[Mudarabah by Muhammad Zubair Usmani]] 
:[[Murabaha - Process, Documentation & Practical Issues by  (1)]] 
:[[Murabaha by Muftti Najeeb Khan]] 
:[[Murabaha Finance by Muhammad Tayyab Raza]] 
:[[Murabaha to Purchase Order by Muhammad Mohsin Ahmed]] 
:[[Musharaka by Muhammad Zubair Usmani]] 
:[[Musharakah and Mudarabah as Modes of Finance by Taqi Usmani]] 
:[[Musharakah Housing Finance through Diminishing Musharkah]] 
:[[Pratical Ijarah]] 
:[[Sharia compliance Issues in Islamic Banking by Mufti Najeeb ]] 
:[[Shariah Contracts in Islamic Banking and Finance by Hassan O]] 
:[[Shariah Legitemacy of Islamic Banking by Dr. M Tahir Mansoor]] 



== DOCUMENT REFERENCES ==


=== Number of Pages ===
17


=== Published Date ===
2016-09-17 00:27:40


== Full Document ==


[http://45.40.136.134/~hodhood/HodHoodDocuments/IslamicFinance/IslamicBanking/Musharaka%20by%20Muhammad%20Zubair%20Usmani.pdf Read the Full Document]


[[Category:Islamic Finance]]

[[Category: Islamic Banking]]