cover any loss out of the profit, and he may not treat whatever remains after that loss as new principal—unless the owner of the capital already knows the original amount, has settled the accounts with him, and then renews the contract. In that event, the principal henceforth is the balance that remains after the first loss. Any profit the agent has taken before the final settlement is his, but he is answerable for it.

The two parties may not settle their accounts until the assets have been liquidated and gathered so that the principal is first secured; only then do they divide the surplus between them according to their agreement. If they settle while the funds are not present and a loss later occurs, they must each return what they had taken and use it to cover the deficit.

The agent is not allowed to bring anyone else into partnership with the capital. Should he do so and the money perish while in the partner’s possession, the agent is liable for the loss; if it remains safe, their original terms stand.

There is no objection to receiving two sums from two different men on a single profit share or on two differing shares; he may pool those funds or keep them separate. Likewise, he may accept another person’s money, mix it with his own, and trade with both: he receives the profit on his own capital in proportion to it, while the other capital remains subject to its stipulated share.

However, he may not take from a single person two sums on two different profit shares—whether in one contract, in two successive contracts, or even in the same sitting—unless he has already begun trading with the first sum. In that case, he may accept another sum on a different share, or on the same share.

If either of the two parties to the qarad dies, his heirs assume his position. And if the agent receives two individual qarad sums, earns a profit on one, and incurs a loss on the other, it is not permissible to offset the loss in one against the profit in the other.