Huu ni mkataba baina ya watu wawili au zaidi, ambao wanakubaliana kufanya biashara pamoja chini ya jina fulani. Wanachama wake wote wanajifunga kwa madeni ya kampuni kwa mali yao yote, kwa dhamana ya pamoja, bila kikomo chochote. Kwa hiyo, hakuna mshirika wa kampuni anayeweza kuhamisha haki zake katika kampuni kwa mtu mwingine bila ruhusa ya washirika waliobaki. Kampuni inavunjika kwa kifo cha mmoja wa washirika au kwa kutokuwa na uwezo wake, kufilisika kwake au kichaa chake, isipokuwa kuna makubaliano yanayozuia hilo. Wanachama wa kampuni hii wanawajibika kwa pamoja kwa ahadi zake kwa wengine kwa kutekeleza majukumu yote ya kimkataba ya kampuni, na wajibu wao katika jambo hili hauna kikomo. Kila mshirika anawajibishwa kulipa madeni yote ya kampuni, si tu kutoka katika mali ya kampuni bali, ikihitajika, kutoka katika mali yake mwenyewe. Analazimika kulipa kutoka katika mali yake kiasi kinachobaki bila kulipwa cha madeni ya kampuni baada ya mali ya kampuni kuisha. Kampuni hii hairuhusu upanuzi wa mradi. Kampuni inaundwa na watu wachache, wanaoaminiana na kujuana vizuri. Jambo kuu linalozingatiwa katika kampuni hii ni haiba ya washirika, si kwa kuwa watu tu bali kwa kuzingatia hadhi yao na ushawishi wao katika jamii.

This is a contract between two persons or more, in which they agree to trade together under a certain name. All its members bind themselves towards the debts of the company with all their wealth, with joint liability, and without any limit. Therefore, no partner of the company can concede his rights in the company to another person without the permission of the remaining partners. The company is dissolved by the death of any of the partners or by his incompetence, bankruptcy or insanity, unless there is an agreement which prevents this. The members of this company are liable jointly towards its commitments to others by fulfilling all the contractual commitments of the company, and their responsibility in this matter is unlimited. Every partner is held accountable to discharge all the debts of the company, not only from the property of the company but if necessary from his own property. He has to pay from his property what is left unpaid of the debts of the company after its property runs out. This company does not allow extension of the project. The company is formed from a few people, who trust each other and know each other well. The main element considered in this company is the personality of the partners, not by being people only but with regard to their standing and influence in the society.

Muundo huu wa kampuni si sahihi, kwa sababu masharti yaliyotajwa yanapingana na masharti ya kampuni katika Uislamu. Kwani hukmu ya Sharia (Hukm Shar'i) haiweki sharti lolote juu ya mshirika isipokuwa kwamba anaruhusiwa kutumia mali, na kampuni inapaswa kuwa na uwezekano wa kupanua shughuli zake. Ikiwa washirika wanakubaliana kupanua kampuni kwa kuongeza mtaji wao au kwa kuwaongeza washirika wengine, basi wako huru kufanya watakavyo. Mshirika pia hawajibiki binafsi katika kampuni isipokuwa kwa kadiri ya sehemu yake ndani yake. Ana haki pia ya kuondoka kwenye kampuni wakati wowote anapotaka bila kuhitaji idhini ya washirika wengine. Zaidi ya hayo, kampuni haivunjiki kwa kifo cha mmoja wa washirika, wala kwa sababu ya kutokuwa na uwezo wake; bali ushirika wake peke yake ndio unavunjika, huku ushirika wa washirika wengine ukibaki ikiwa kampuni imeundwa na watu zaidi ya wawili. Hayo ndiyo masharti ya Sharia. Masharti ya kampuni ya dhima ya pamoja kama yalivyoelezwa hapo awali yanatofautiana, na hata yanapingana, na masharti haya ya Kiungu, hivyo kuifanya kampuni hiyo kuwa batili, na haijuzu kwa Sharia kushirikiana (au kuwa mshirika) ndani yake.

This company structure is invalid, because the stated conditions disagree with the conditions of companies in Islam. For the divine rule (Hukm Shar’i) places no condition upon the partner except that He is allowed to dispose, and the company should have the option of expanding its activities. If the partners agree to expand the company by either increasing their capital or by adding other partners to them, then they are free to do what they like. The partner is also not responsible, personally, in the company except in proportion to his share in it. He has the right also to leave the company at any time He likes without the need for the approval of the other partners. In addition, the company is not dissolved by the death of any of the partners, or due to his incompetence, rather his partnership alone is dissolved, while the partnership of the other partners remains if the company is formed of more than two persons. These are the Shari’ah conditions. The conditions of the joint liability company as stated earlier differ, and even contradict with these divine conditions, thus making it an invalid company and it is not permitted by Shar’a to associate with (or becoming a partner) in it.