What is the Islamically acceptable way to share the profits in a
business partnership involving two men who are doing business with
capital of 3 million liras, 2 million from one of them and 1 million
from the other?
Praise be to Allaah.
The scholars (may Allah have mercy on them) differed concerning howthe
profit is to be shared: should it be commensurate with each partner's
contribution to the capital, as in the case of loss, or should it be
according to what is agreed upon between the partners, whether it is
great or small? There are two opinions:
1. The view of the Hanafis and Hanbalis: that the profit should be
shared according to what the partners stipulated and agreed upon, so
long as the profit is clearly defined.
2. The view of the Maalikis and Shaafa'is: that the profit should be
shared commensurate with each partner's contribution to the capital.
Ibn Qudaamah (may Allah have mercy on him) said: It is permissible to
share in profit according to the share contributed by each partner, and
it is permissible to share it equally, even if their contributions
differed, and one may take more than the other even if their
contributions wereequal. This was stated byAbu Haneefah.
Maalik and ash-Shaafa'i said: One of the conditions of it being valid is
that profits and loss must be commensurate with the proportion of
capital contributed, because profit in this partnershipis connected to
the capital.
In our view, work (done by one of the partners) deserves a portion of
theprofit, so it is permissiblefor them to have different levels of
profit if one of them is putting work into the business, as when
different people use the capital ofone man for business (mudaarabah).
That is because one of them may have more experience in business than
the other, and may be more able to achieve results. So it is permissible
for him to stipulate an additional share of the profits in return for
his work, as a proportion of the profit may be stipulated in return for
the work of the one who is running the business venture.
End quote from al-Mughni (5/19).
Based on that, the profit may be divided in the following manner:
The one who contributed 2 million is entitled to two thirds and the one
who contributed 1 million is entitled to one third. This is according to
the Maaliki and Shaafa'i madhhabs, and is a fair division that is valid
according to scholarly consensus.
If the two partners agreed not to divide the profit according to the
proportion of the capitalcontributed by each, andthey want - for example
- to divide it between them in two equal halves, so that the one who
contributed 2 million takes half of the profit and the one who
contributed 1 million takes the other half, and they both agree to that,
then this is also permissible according tothe Hanafi and Hanbali
madhhabs, because it is their right to decide, and the one who
contributed the greater part of the capital may yield a portion of his
profit to his partner, voluntarily.
Shaykh Ibn 'Uthaymeen (may Allah have mercy on him) also stated that the
latter way of sharingthe profit between two partners is valid. See:
ash-Sharh al-Mumti', 9/403
And Allah knows best.
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Islam is a religion of Mercy, Peace and Blessing. Its teachings emphasize kind hear tedness, help, sympathy, forgiveness, sacrifice, love and care.Qur’an, the Shari’ah and the life of our beloved Prophet (SAW) mirrors this attribute, and it should be reflected in the conduct of a Momin.Islam appreciates those who are kind to their fellow being,and dislikes them who are hard hearted, curt, and hypocrite.Recall that historical moment, when Prophet (SAW) entered Makkah as a conqueror. There was before him a multitude of surrendered enemies, former oppressors and persecutors, who had evicted the Muslims from their homes, deprived them of their belongings, humiliated and intimidated Prophet (SAW) hatched schemes for his murder and tortured and killed his companions. But Prophet (SAW) displayed his usual magnanimity, generosity, and kind heartedness by forgiving all of them and declaring general amnesty...Subhanallah. May Allah help us tailor our life according to the teachings of Islam. (Aameen)./-
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Wednesday, December 26, 2012
Tamil story
Girl: hey baby, happy birthday . Boy: thank you (:. Girl: I'll be at
your house at 7:30pm . Boy: okay babe,promise? . Girl: yeah, Ipromise.
I love you so much.. no matter what happens. . Boy: I love you too. I
am going to cook for our dinner (: . Girl: okay baby (: Exactly 7:30,
girl does not arrive... 1 hour goes by. 8:30 and the girl arrives....
. Boy: hey babe.. What took you so long? . Girl: *hugs him*, sorry.
There was a lot of traffic. . Boy: Its okay as long as you are here (:
. I bet you'rehungry. They went to dinner and ate and talked.... *boy
phone rings* *Its the girls mom* . Boy: hello. Girls mom: ( crying )
son, I have to tell you something I am in the hospital right now my
daughter just passed out. . Boy: ha? Whatare you talking about? .
Girls mom: ( crying ) she was in a car crash a "hour ago" she did not
make it. . Boy: "shocked" looks at his. girl. The girl is in the dark
holding a candle saying"Baby, I did not break my promise.." ♥
--
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And Allah Knows the Best!
- - - - -
Published by :->
M NajimudeeN Bsc- INDIA
¤ ¤ ¤ ¤ ¤ ¤ ¤ ¤ ¤ ¤ ¤ ¤ ¤
your house at 7:30pm . Boy: okay babe,promise? . Girl: yeah, Ipromise.
I love you so much.. no matter what happens. . Boy: I love you too. I
am going to cook for our dinner (: . Girl: okay baby (: Exactly 7:30,
girl does not arrive... 1 hour goes by. 8:30 and the girl arrives....
. Boy: hey babe.. What took you so long? . Girl: *hugs him*, sorry.
There was a lot of traffic. . Boy: Its okay as long as you are here (:
. I bet you'rehungry. They went to dinner and ate and talked.... *boy
phone rings* *Its the girls mom* . Boy: hello. Girls mom: ( crying )
son, I have to tell you something I am in the hospital right now my
daughter just passed out. . Boy: ha? Whatare you talking about? .
Girls mom: ( crying ) she was in a car crash a "hour ago" she did not
make it. . Boy: "shocked" looks at his. girl. The girl is in the dark
holding a candle saying"Baby, I did not break my promise.." ♥
--
- - - - -
And Allah Knows the Best!
- - - - -
Published by :->
M NajimudeeN Bsc- INDIA
¤ ¤ ¤ ¤ ¤ ¤ ¤ ¤ ¤ ¤ ¤ ¤ ¤
The Pope’s first Tweets Wednesday, December 12, 2012
Nine days ago, the Vatican launched the firstpersonal Twitter
accounts for the Pope, giving Pope Benedict XVI the opportunity to
tweet in English (via @Pontifex ) and in seven other major languages.
The day these accounts were launched, Pope Benedict also invited the
world to send him questions about faith via #AskPontifex . He promised
to respond to some of these questions nine days later. And now,with
tens of thousands ofquestions in hand, @pontifex has answered: Today,
the Pope sent his first Tweet during a live event at the Vatican
attended by thousands.
Benedict XVI
@ PontifexFollow
Dear friends, I am pleased to get in touch with you through Twitter.
Thank you for your generous response.I bless all of you from myheart.
12 Dec 12 Reply Retweet Favorite
This Tweet was immediately retweeted thousands of times, and shortly
afterwards @pontifex and its seven related language accounts began
responding to several questions tweeted in the past week. The first
question, asked by Spanish journalist @jcalderero in Madrid, asked:
Benedict XVI
@ PontifexFollow
How can we celebrate the Year of Faith better in our daily lives?
12 Dec 12 Reply Retweet Favorite
The Pope responded:
Benedict XVI
@ PontifexFollow
By speaking with Jesus in prayer, listening to what he tells you in
the Gospel and looking for him in those in need
12 Dec 12 Reply Retweet Favorite
The second question, originally in Portuguese, asked how people can
remain hopeful in troubled times. His response:
Benedict XVI
@ PontifexFollow
We can be certain that a believer is never alone. God is the solid
rock upon which we build our lives and his love is always faithful
12 Dec 12 Reply Retweet Favorite
Third, from an American mother:
Benedict XVI
@ PontifexFollow
Any suggestions on how to be more prayerful when we are so busy with
the demands of work, families and the world?
13 Dec 12 Reply Retweet Favorite
The Pope answered:
Benedict XVI
@ PontifexFollow
Offer everything you do to the Lord, ask his help in all the
circumstances of daily life and remember that he is always beside you
13 Dec 12 Reply Retweet Favorite
The Pope will be tweeting regularly from here on. Follow him on any of
these accounts:
*. English: @pontifex
*. Spanish: @pontifex_es
*. Italian: @pontifex_it
*. Portuguese: @pontifex_pt
*. German: @pontifex_de
*. Polish: @pontifex_pl
*. Arabic: @pontifex_ar
*. French: @pontifex_fr
Posted by Claire Díaz-Ortiz ( @claire )
Social Innovation team
Posted by @ Twitter at 11:30 AMTweet514
Discover more · all videos →
--
- - - - -
And Allah Knows the Best!
- - - - -
Published by :->
M NajimudeeN Bsc- INDIA
¤ ¤ ¤ ¤ ¤ ¤ ¤ ¤ ¤ ¤ ¤ ¤ ¤
accounts for the Pope, giving Pope Benedict XVI the opportunity to
tweet in English (via @Pontifex ) and in seven other major languages.
The day these accounts were launched, Pope Benedict also invited the
world to send him questions about faith via #AskPontifex . He promised
to respond to some of these questions nine days later. And now,with
tens of thousands ofquestions in hand, @pontifex has answered: Today,
the Pope sent his first Tweet during a live event at the Vatican
attended by thousands.
Benedict XVI
@ PontifexFollow
Dear friends, I am pleased to get in touch with you through Twitter.
Thank you for your generous response.I bless all of you from myheart.
12 Dec 12 Reply Retweet Favorite
This Tweet was immediately retweeted thousands of times, and shortly
afterwards @pontifex and its seven related language accounts began
responding to several questions tweeted in the past week. The first
question, asked by Spanish journalist @jcalderero in Madrid, asked:
Benedict XVI
@ PontifexFollow
How can we celebrate the Year of Faith better in our daily lives?
12 Dec 12 Reply Retweet Favorite
The Pope responded:
Benedict XVI
@ PontifexFollow
By speaking with Jesus in prayer, listening to what he tells you in
the Gospel and looking for him in those in need
12 Dec 12 Reply Retweet Favorite
The second question, originally in Portuguese, asked how people can
remain hopeful in troubled times. His response:
Benedict XVI
@ PontifexFollow
We can be certain that a believer is never alone. God is the solid
rock upon which we build our lives and his love is always faithful
12 Dec 12 Reply Retweet Favorite
Third, from an American mother:
Benedict XVI
@ PontifexFollow
Any suggestions on how to be more prayerful when we are so busy with
the demands of work, families and the world?
13 Dec 12 Reply Retweet Favorite
The Pope answered:
Benedict XVI
@ PontifexFollow
Offer everything you do to the Lord, ask his help in all the
circumstances of daily life and remember that he is always beside you
13 Dec 12 Reply Retweet Favorite
The Pope will be tweeting regularly from here on. Follow him on any of
these accounts:
*. English: @pontifex
*. Spanish: @pontifex_es
*. Italian: @pontifex_it
*. Portuguese: @pontifex_pt
*. German: @pontifex_de
*. Polish: @pontifex_pl
*. Arabic: @pontifex_ar
*. French: @pontifex_fr
Posted by Claire Díaz-Ortiz ( @claire )
Social Innovation team
Posted by @ Twitter at 11:30 AMTweet514
Discover more · all videos →
--
- - - - -
And Allah Knows the Best!
- - - - -
Published by :->
M NajimudeeN Bsc- INDIA
¤ ¤ ¤ ¤ ¤ ¤ ¤ ¤ ¤ ¤ ¤ ¤ ¤
Islamic Stories - , Thirst for Learning
Hadhrat Abdullah bin Abbas (may Allah be pleased with him) says:
"After the passing away of the Prophet (peace beupon him), I said to an
Ansari friend of mine: 'The Prophet is not now with us. But a large
number of Sahabah are still among us. Let us go to them and get
knowledge of the Islamic practices.' He said: ' Who is going to approach
you for learning a regulation in the presence of these eminent Sahabah?'
I wasnot discouraged. I kept up my quest for knowledge and approached
every person who was supposed to have heard something from the Prophet.
I managed to gather substantial information from the Ansar. If on my
visit to someone of the Sahabah, I found him asleep, I spread my shawl
at the gate and satwaiting. Sometimes my face and body would getcovered
with dust, but I kept sitting till they woke and I was able to contact
them. Some of them said: 'Abdullah you are the cousin of the Prophet;
you could have sent for us. Why did you take the trouble of coming to
our places?' I said to them: 'I must come to you, for I am a student and
you are my teachers.' Some people for whom I had waited said: 'Since
when have you been waiting for us?' I informed them that I had been
sitting there for a pretty long time. They said: 'What a pity! You could
have awakened us from our sleep.' I said: 'I did not like to disturb you
for my own sake.' I thus carried on my pursuits, till there came a time
when people began to flock to me for learning. My Ansari friend
realizedthis at that time and remarked: 'This boy has surely proved
himself more sensible than us.'"
Source: From the book"Stories of the Sahabah" by Shaikh Muhammad
Zakariyya Kaandhlawi.
Besides our quest for knowledge to earn a livelihood in this world, we
must as well gain sufficient knowledge of Islam. No matter what age
group we belong to at this moment, we should atleast have that much
Islamic knowledgewith which we can turn our 24 hours life into worship.
Those with knowledge and practice will be exalted in this world and in
the hereafter.
"After the passing away of the Prophet (peace beupon him), I said to an
Ansari friend of mine: 'The Prophet is not now with us. But a large
number of Sahabah are still among us. Let us go to them and get
knowledge of the Islamic practices.' He said: ' Who is going to approach
you for learning a regulation in the presence of these eminent Sahabah?'
I wasnot discouraged. I kept up my quest for knowledge and approached
every person who was supposed to have heard something from the Prophet.
I managed to gather substantial information from the Ansar. If on my
visit to someone of the Sahabah, I found him asleep, I spread my shawl
at the gate and satwaiting. Sometimes my face and body would getcovered
with dust, but I kept sitting till they woke and I was able to contact
them. Some of them said: 'Abdullah you are the cousin of the Prophet;
you could have sent for us. Why did you take the trouble of coming to
our places?' I said to them: 'I must come to you, for I am a student and
you are my teachers.' Some people for whom I had waited said: 'Since
when have you been waiting for us?' I informed them that I had been
sitting there for a pretty long time. They said: 'What a pity! You could
have awakened us from our sleep.' I said: 'I did not like to disturb you
for my own sake.' I thus carried on my pursuits, till there came a time
when people began to flock to me for learning. My Ansari friend
realizedthis at that time and remarked: 'This boy has surely proved
himself more sensible than us.'"
Source: From the book"Stories of the Sahabah" by Shaikh Muhammad
Zakariyya Kaandhlawi.
Besides our quest for knowledge to earn a livelihood in this world, we
must as well gain sufficient knowledge of Islam. No matter what age
group we belong to at this moment, we should atleast have that much
Islamic knowledgewith which we can turn our 24 hours life into worship.
Those with knowledge and practice will be exalted in this world and in
the hereafter.
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