#Qudoori

This is a video from a series explaining the Fiqh of trade. Based on the Hanafi text Mukhtasar al-Qudoori
al-Fiqh al-Hanafi was Adillatuhu archive.org/de...
Link to the Book Mukhtasar al-Qudoori:
ia802908.us.ar...
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Summary of the Lesson and Exercises Unlimited Partnership (Shirka al-Mufawadha) Definition: Partners share their assets equally and act as agents (wakil) and guarantors (kafil) for each other. Agency (Wakala): Each partner acts as an agent for the other, buying and selling on behalf of the partnership. Guaranteeing (Kafala): Partners guarantee each other's obligations. If one partner cannot pay, the other will cover it. Assets: Only gold, silver, and cash can be used. Exemptions: Basic needs like food and clothing are exempt from the partnership. Limited Partnership (Shirka al-Ainan) Definition: Partnership where partners invest different amounts of money. Transition: If an unlimited partnership cannot be maintained, it transitions to a limited partnership. Inheritance and Gifts: If a partner receives an inheritance or gift, the partnership can become limited if the received assets are gold, silver, or cash. Capital: Can be in the form of cash, gold, silver, or other commonly accepted assets like nuggets if culturally relevant. Contract Rules >Validity: If assets are destroyed before any purchase, the contract becomes void. >Purchase and Loss: If one partner's assets are destroyed after a purchase, the bought goods are still part of the partnership. Business Models >Wakala and Kafala: These models help partners manage their business dealings and obligations. Exercises for Students Exercise 1: Definitions and Concepts Q1: Define the following terms: Shirka al-Mufawadha Shirka al-Ainan Wakala Kafala Q2: Explain the difference between an unlimited and a limited partnership. Exercise 2: Practical Examples Q1: You and a friend want to start a jewelry business. You invest $10,000 in gold, and your friend invests $5,000 in cash. Explain how you would structure your partnership and profit sharing. Q2: Describe how an unlimited partnership would handle a situation where one partner's investment is destroyed before any purchases are made. Exercise 3: Case Studies Q1: Ali and Bilal start a tech business. Ali invests $8,000, and Bilal invests $4,000. They agree on a 60/40 profit split. Calculate the profit each partner gets if they make $3,000 in a month. Q2: Sarah and Aisha enter a limited partnership. Sarah invests $15,000, and Aisha does all the work. They agree on a 70/30 profit split. If the business makes $5,000 in profit, how much does each partner receive? Exercise 4: Prohibited Partnerships Q1: Explain why a fixed profit is not allowed in unlimited partnerships. Q2: Consider a scenario where two individuals want to form a partnership to cut and sell firewood. Can they do this under Islamic finance rules? Why or why not? Exercise 5: Discussion and Reflection Q1: Discuss the importance of clear agreements in partnerships. What are the potential consequences of unclear agreements? Q2: Reflect on a time you worked on a group project. How did you manage the division of tasks and rewards? What lessons did you learn? Exercise 6: Real-Life Application Q1: Create a simple partnership agreement for a business where you and a partner invest different amounts of money. Outline each person's responsibilities and how you will share profits. Q2: In an unlimited partnership, how can partners protect themselves from the risk of one partner not fulfilling their obligations? What measures can they include in their agreement?

[@zulaikhahamdard8611]

No more need for tarkeeb, students of qudoori should easily be able to do them. Especially after your hard work. JazakAllah khair

[@tasbirmiah5247]

I'm so happy you exist