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Partnership
Partnership.
Partnership
Partnership (Sharikah) means joining two properties together so that they cannot be separated. In Islamic contexts it means ‘having joint rights or actions’.This includes the rights to inheritance, will, or a gift that gives shares of benefit or ownership. This is also called ‘partnership in ownership’.Allah says: ‘Thus do many partners wrong one another, except for those who believe and do righteous deeds’ (38: 24) and ‘If there be more, then they shall share in one-third’ (4: 12).
Partnership: definition and rulings
Partnership is joining two properties together and having joint rights. Upon being partners in a property, the rights including will, inheritance or gift are shared and supposed to be documented by a contract.