#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 Lesson and Exercises Limited Partnership (Shirka al-Mufawadha) Definition: Limited partnership where partners invest different amounts of money. Agency (Wakala): Each partner acts as an agent for the other. Examples: One partner buys a car, another buys a laptop. Both purchases are part of the business. Profit Sharing: Profits are split based on agreed percentages, not fixed amounts. Currency and Investments: Investments can be in different currencies and amounts. Mixing Assets: Not necessary to mix assets; partners can keep funds separate. Prohibited Fixed Profit: Fixed profit is not allowed due to the risk of one partner losing out. 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: Agency where partners act on each other's behalf. Silent Partnership (Mudarabah): One partner invests money, another does the work. Amana: Safekeeping of assets. Examples and Applications Profit Sharing: Profit sharing based on percentages. Multiple Partners: Possible to have more than two partners with different investment amounts. Non-Fixed Profits: Ensuring no fixed profit amounts to avoid unfair losses. Exercises for Students Exercise 1: Definitions and Concepts Q1: Define the following terms: Shirka al-Mufawadha Wakala Mudarabah Amana Q2: Explain why fixed profit is not allowed in limited partnerships. Exercise 2: Practical Examples Q1: You and a friend want to start a tech business. You invest $10,000, and your friend invests $5,000. Explain how you would structure your partnership and profit sharing. Q2: Describe how a limited 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 car repair shop. 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 silent 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 partnership involving fixed profits is not allowed in Islamic finance. 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 a limited partnership, how can partners protect themselves from the risk of one partner not fulfilling their obligations? What measures can they include in their agreement?