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Partnership and profit in medieval Islam
Abraham L. Udovitch
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Frontmatter
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Preface (page vii)
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I. INTRODUCTION (page 3)
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Commercial Law and Economic History (page 3)
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Islamic Law and Practice (page 4)
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Sources (page 12)
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Hanafi (page 15)
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Maliki (page 16)
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Shafi'i (page 16)
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II. PROPRIETARY PARTNERSHIP (Sharikat al-milk) (page 17)
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Properietary Partnership in the Formative Period (page 17)
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Hanafi (page 17)
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Maliki (page 21)
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Proprietary Partnership-Its Rules and Applications (page 23)
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Shafi'i Partnership (page 29)
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III. THE HANAFI MUFAWADA PARTNERSHIP (page 40)
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Derivation of the Term Mufawada (page 44)
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Equality in the Mufawada Partnership (page 44)
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Equality of Persons (page 44)
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Equality of Investment, Profit, and Loss (page 48)
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Investment Form and Formation of Joint Capital (page 51)
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Copper Coins--Fulus (page 52)
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Gold and Silver Coins--Dinars and Dirhams (page 55)
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Goods ('Urud) as Partnership Investment (page 61)
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Labor as Parnership Investment (page 65)
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Exclusion of Unskilled and Non-Sedentary Labor (page 74)
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Credit Partnership (page 77)
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The Contract (page 86)
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Effectiveness of the Contract (page 96)
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Conduct of the Mufawada (page 97)
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Ibda in the Mufawada Partnership (page 101)
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Deposits and Pledges in the Mufawada (page 104)
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Loan in the Mufawada (page 106)
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Purchase, Sale, and Debts of the Mufawada Partners (page 109)
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Expenses of the Mufawada Partners (page 110)
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Investments with Third Parties (page 112)
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Slaves in the Mufawada (page 113)
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Limits of Mutual Surety (page 115)
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Dissolution of the Partnership (page 117)
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IV. HANAFI LIMITED INVESTMENT PARTNERSHIP ('Inan) (page 119)
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Derivation of the Term 'Inan (page 120)
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Specified and General Inan Partnerships (page 123)
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Formation of the 'Inan Partnership (page 125)
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Personal Status (page 125)
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Form of Investment (page 127)
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Formation of the 'Inan by Default (page 128)
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Distribution of Profit and Loss in an 'Inan Contract (page 129)
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The Contract (page 131)
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Conduct of the 'Inan (page 134)
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Purchase and Sale (page 136)
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Expenses (page 137)
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Travel Expenses (page 138)
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Transactions of the 'Inan Partner (page 139)
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Dissolution of the 'Inan (page 140)
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V. MALIKI PARTNERSHIP (page 142)
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Sources (page 142)
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Terminology and Classification (page 143)
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Maliki Mufawada (page 144)
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Maliki 'Inan Partnership (page 145)
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Proportional Principle (Takafu') (page 147)
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Formation of the Mufawada Partnership (page 150)
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Personal Status (page 150)
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Investment (page 151)
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Conduct of the Partnership (page 163)
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Deposit (page 163)
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Loans for Use ('Ariyya) (page 164)
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Commenda (page 166)
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Partnership with Third Parties (page 166)
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Expenses (page 166)
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Purchase, Sale, and Debts (page 167)
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Slaves (page 169)
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Exclusions from Mutual Liability (page 169)
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End of the Partnership (page 169)
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VI. THE COMMENDA (Mudaraba, Qirad, Muqarada) (page 170)
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Origins and Early History (page 170)
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Uniformity of Legal Treatment (page 176)
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Investment Form (page 176)
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Coins of Various Types (page 177)
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Inadmissibility of Goods as Investment (page 180)
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Non-Commercial and Industrial Commenda (page 183)
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Ready Cash, Debts, and Deposits (page 187)
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Alienation of Money on Part of Investor (page 189)
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Provisions for Profit-Sharing (page 190)
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Contract (page 196)
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Conduct of the Commenda (page 203)
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Commenda with Limited and Unlimited Mandate (page 204)
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Specific Restrictions (page 210)
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Purchase and Sale (page 215)
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Murabaha (page 218)
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Investor and Agent During Operation of the Commenda (page 222)
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Two Agents (page 225)
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Interdenominational Commenda (page 227)
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Expenses (page 230)
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Extra-Commercial Expenses (page 234)
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Local and Short-Distance Commenda Expenses (page 235)
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Problematic Expenses (page 236)
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Commercial Accounting (page 237)
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Distribution of Liability (page 238)
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Istidana (page 243)
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Invalid Commenda (page 245)
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Division of Profit (page 246)
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Conclusion of the Commenda (page 248)
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VII. ISLAMIC LAW: THEORY AND PRACTICE (page 249)
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BIBLIOGRAPHY (page 263)
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GLOSSARY (page 273)
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INDEX (page 277)
Journal Abbreviation | Label | URL |
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SP | 47.1 (Jan. 1972): 147-149 | http://links.jstor.org/sici?sici=0038-7134%28197201%2947%3A1%3C147%3APAPIMI%3E2.0.CO%3B2-6 |
IJMES | 7.4 (Oct. 1976): 599-600 | http://links.jstor.org/sici?sici=0020-7438%28197610%297%3A4%3C599%3APAPIMI%3E2.0.CO%3B2-8 |
JIH | 3.2 (Autumn 1972): 420-426 | http://links.jstor.org/sici?sici=0022-1953%28197223%293%3A2%3C420%3APAPIMI%3E2.0.CO%3B2-8 |
Citable Link
Published: 1970
Publisher: Princeton University Press
- 9781400820474 (ebook)
- 9780691030845 (hardcover)