AAOIFI Shari'ah Standard No. (12): Sharikah (Musharakah) and Modern Corporations
AAOIFI — Accounting and Auditing Organization for Islamic Financial Institutions
What this source says
AAOIFI Shari'ah Standard No. 12 governs partnership (sharikah / musharakah) and its application to modern corporations, requiring that partners share profits by agreed ratio and losses in proportion to capital, so that returns derive from shared risk rather than a guaranteed interest-like yield.
Wording inside quotation marks is quoted from the source. The rest is this notebook’s summary of it — read the original before relying on it.
Provenance
- Source
- AAOIFI Shari'ah Standard No. (12): Sharikah (Musharakah) and Modern Corporations
- School / basis
- Comparative
- Added
- 2026-06-03
- Trust
- A position recorded from a named, published source — reported accurately, not independently adjudicated.
Compiler’s note
Paraphrase of the documented standard (not a verbatim quote of its text).
Topics
islamic-financemusharakahpartnershipstandardsstructures
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