Accepting juridical personality does not mean every form of limited liability should be accepted without restriction. The concept can be abused to shift losses unfairly to creditors or hide irresponsible conduct.
The next step is to examine classical precedents where non-human institutions were treated as having their own rights, property or liabilities.
Opening interactive controls...
Limited Liability: The Modern Concept and the Shari‘ah Question
Accepting juridical personality does not mean every form of limited liability should be accepted without restriction. The concept can be abused to shift losses unfairly to creditors or hide irresponsible conduct.
The next step is to examine classical precedents where non-human institutions were treated as having their own rights, property or liabilities.