Book of Partnership
Chapter: Partnership and the Types of Assets Permissible Therein
In the name of Allah, the Most Merciful, the Compassionate.
May Allah bless our master Muhammad, his family, and his Companions, and grant them peace in abundance.
Chapter: Partnership and the Types of Assets Permissible Therein
The basic rule for partnership is equality in four matters: the capital put forward, the labour exerted, the liability assumed, and the profit earned. If the two partners’ capital contributions differ in amount, then both profit and liability are apportioned in proportion to each one’s capital.
The proper form of partnership is that they pool a single kind of property—whether silver dirhams, gold dinars, merchandise, or foodstuffs (regarding food Mālik has more than one opinion). This is the practice so long as the two partners are equal with respect to weight or measure, specific items, kind, and quality; they must stand on equal footing in all of that. They then proceed on the understanding that each partner will sell half of what he has contributed for half of what the other has contributed. Ibn al-Qāsim said: if the food is of a single type