Classical jurists differ on whether capital must be known at contract. The Hanafi position does not make exact prior knowledge an absolute condition if uncertainty does not cause dispute and profit can be determined clearly at distribution. Imam al-Shafi‘i's position requires capital to be known.
The ownership must be real rather than only documentary. Rights, benefits and the relevant ownership risk should follow the share actually owned at that stage.
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Classical jurists differ on whether capital must be known at contract. The Hanafi position does not make exact prior knowledge an absolute condition if uncertainty does not cause dispute and profit can be determined clearly at distribution. Imam al-Shafi‘i's position requires capital to be known.
The ownership must be real rather than only documentary. Rights, benefits and the relevant ownership risk should follow the share actually owned at that stage.