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Jordan Journal of Islamic Studies

Jordan Journal of Islamic Studies

Abstract

This research aims to answer the question: What are the Shari'a standards that partners must abide by when they agree on the distribution of loss and profit percentages among them in the Company's Memorandum of Association? The research followed inductive and analytic approach, through tracking views and argument of Islamic jurists, accompanied with discussion and analysis. The search was divided into eight sections dealing with views and argument of Islamic jurists, concerning criteria for loss and profit percentage in the nominate companies they had known. The research arrived at different findings, the most important were; The loss is related to capital, and is distributed among partners presented the capital according to their contribution rates to the capital. And that the determination of profit rate -for any partner- is left to the partners’ agreement provided that if the share of a partner is works only, or capital and works.

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