Wakalah
Being a sane & free adult who has no limitations placed on him & can understand and intend the transaction
What are the conditions of wakalah?
A partnership in which one party works and the other party provides the finances
What is mudarabah?
Similar to buyu, but there are no goods involved, rather there is some benefit or service.
What is ijarah?
3 things that necessitate Hajr
What are immaturity, slavery, and insanity?
Owning something with another person with unclear boundaries
What is a khaaleet?
This makes the agency void
What is the agent's death or insanity?
The 4 types of partnerships
What is mufawadah, inaan, sana'i, wujooh?
Taking payment for conjoining a male with a female goat
What is invalid?
Safih
Who is someone with no rushd/financial literacy?
A gift or inheritance
What is a invalid to claim pre-emption in?
A child is allowed to be a wakeel with this precondition
What is understanding and permission?
The method of how profits are split in partnerships
What is deciding beforehand?
This type of hired person is paid simply for surrendering his time, even if he does not work, and is only liable if he violates normal precautions.
Who is a private hireling?
According to Sahibayn, the age of maturity for a girl (if no other signs are present)
What is 15 lunar years?
Wakalah is not permissible for these
What is hudood and qisas?
Merchandise
What is impermissible to base a partnership on?
In ijarah, according to Abu Hanifah, this person is not liable if the goods are destroyed while in his care.
Who is a common hireling?
At least 21 dirhams
What is acknowledging "كذا و كذا" dirhams?
According to Imam Abu Hanifah, selling half a slave is
What is valid?
Partnering on an equal amount of wealth & each is an agent and guarantor for the other
What is mufawadah?
Until he receives remuneration, an artisan (one whose work visibly affects the item) may
What is retain the item?
200 dirhams
What is the minimum amount due if one says, "I owe مال عظيم"?