Islamic Law of Business Organization: Partnerships

The recent decades have witnessed a strong assertion of Islamic identity. One of its manifestations is the insistence on the part of Muslims that all institutions of life should be brought in conformity with Islamic principles. In this work, the author attempts to spell out the Islamic principles on which business enterprise should be based specially in the area of partnership. In this exercise, he displays a strikingly acute awareness of Islamic laws on the subject. This, however, is matched by an equally striking awareness of the forms of business organization in vogue in the contemporary world. The work represents a serious scholarly effort to sort out complicated questions such as those mentioned above, to enunciate Islamic principles relative to business enterprise, and to apply them in the changed context of present-day business.