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AlGhazalisIhya-Book_of_Ethics_of_Earning_a_Livelihood, page : 11
First: The value of the loan, it should be ready cash paid to the borrower who is
going to work with it.
Second: The profit should be declared to be a condition that he will gain a half or
a third or whatever they agree.
Third: The work, which the borrower will use the loan for must be a trade in,
which he is not restricted to one type of business or to a period of time. If it is a
condition that he will purchase cattle with the money to obtain its young, then
they will share the young, or they will buy wheat, then they will bake and share
the profit, this will not be correct.
Sixth: Contract of Partnership
This falls into four types. Three of them are unlawful, according to the Al Shafi‟i
school of thought.
First: The negotiated company, that is when two partners say, we have
negotiated to share in all what we have and what we owe and what is beneficial.
going to work with it.
Second: The profit should be declared to be a condition that he will gain a half or
a third or whatever they agree.
Third: The work, which the borrower will use the loan for must be a trade in,
which he is not restricted to one type of business or to a period of time. If it is a
condition that he will purchase cattle with the money to obtain its young, then
they will share the young, or they will buy wheat, then they will bake and share
the profit, this will not be correct.
Sixth: Contract of Partnership
This falls into four types. Three of them are unlawful, according to the Al Shafi‟i
school of thought.
First: The negotiated company, that is when two partners say, we have
negotiated to share in all what we have and what we owe and what is beneficial.