Partnerships

• Are savings and investment accounts in a bank that claims to be Islamic and are based on a Mudarabah contract, compliant with Islamic Sharia, according to the terms and benefits mentioned for each?
• Is it permissible for the owner of the capital to take guarantees from the Mudarib in an Islamic Mudarabah contract?
• Is it permissible to deposit funds in investment (unrestricted) deposit accounts or fixed-term accounts at the Syria International Islamic Bank and benefit from the profits distributed by the bank based on the aforementioned Mudarabah contract?
• What is the ruling on a Mudarabah contract which stipulates that the capital provider leaves the determination of the profit share to the agent, with mutual consent and the signing of the contract between the two parties?
• Is it permissible to take money from investors to pay for electronics purchased on credit, with an agreement on a profit percentage, and are they to be charged the same purchase price, and how are profits distributed, and what is the legitimate صيغة (formula/form) of a Mudarabah contract?
• What is the ruling on a Mudarabah contract which stipulates that the رب المال (financier) leaves the determination of the profit share to the العامل (Mudarib/agent), given that both parties have agreed to this and signed the contract on this basis?
• Is it permissible to take money from friends to pay for an electrical deal purchased on credit and to speculate with their money in the market using the same commodity? Is it permissible to change the price of the commodity from its purchase price? Is it necessary to inform them of the purchase and sale prices? How are the profits distributed? And what is the correct formula for a Mudarabah contract in this case?
• Does the stipulation that the project manager is responsible for paying employees' wages, rather than the capital owner, affect the validity of the Mudarabah contract?
• Should the Mudarib be treated as a paid employee from the beginning of the project after the dissolution of the Mudaraba contract, or does the new contract begin from the date of dissolution?
• How is capital returned to the investor in a Mudarabah contract, and is it necessary upon the realization of profits? What about the distribution of funds at the end of each month, taking into account the worker’s income? Is the investor entitled to have his money returned, and when is he permitted to do so?
• Does the partner's failure to provide the full agreed-upon capital invalidate the Mudarabah contract, and does stipulating that the Mudarib (entrepreneur) receive a monthly salary for the first eight months vitiate the form of this contract? What is the ruling on terminating the contract and the resulting obligations for both parties?
• What is the ruling on changing the agreed-upon percentage in a Mudarabah contract (50% of the profits for the capital owners) due to a change in the Mudarib company's capital, and how should the contract be drafted to distribute profits between the partners and the worker in this case?
• Is it permissible to stipulate the recovery of the capital in a Mudarabah contract, given that the capital shares in profit and loss?
• Is the Mudarib obligated to compensate the capital owner from his personal wealth for losses exceeding the agreed-upon percentage in the Mudarabah contract, especially when the capital owner demands compensation and makes supplications?
• Does the guaranteeing of deposits, especially long-term ones, invalidate the legitimacy of the Shar'i Mudarabah contract between the depositor and the bank, rendering its profits unlawful?
• Is it permissible, Islamically, to enter into a Mudarabah contract with an Islamic bank by converting a sum in USD to the local currency, with the bank guaranteeing the return of the original capital in USD in the event of a change in the exchange rate, so that the client recovers their original capital in USD without profit or loss?
• Is it permissible to stipulate the continuation of the Mudarabah contract and the succession of the deceased or incapacitated partner's heirs in his place?