Corporate development and concept in Islamic jurisprudence and positive law

Abstract

Due to the many needs and requirements of a person that he may be unable to fulfill on his own due to his physical effort and his limited capabilities, man thought in the past about creating a kind of cooperation with his brothers, thus companies emerged through which a person can conduct business.The company is mingling, and the partner is the one who enters with others in a business or any matter whatsoever, and he collects with partners, and the company is called upon matters including the mingling of funds and the mixing of the partners ’business in a commercial, industrial, residential or agricultural project, and Islam came to demonstrate the legitimacy of the company and delegated to it, because it is based on the principle Cooperation and realization of individual and collective interests. The idea of communion in the western countries in the Middle Ages developed clearly as a result of the church’s position on rejecting interest-based loans and prohibiting it.