company, corporation = (sharikah) شَرِكَة
Associated verb: شَرِكَ (يَشْرَكُ) ه في – شِرْكَة to share with s. in s.
عَن مُحَمّد بْنِ سِيْرِين : أَنّ بِلالا أَخَذَهُ أَهْلُهُ فَمَطّوهُ وأَلْقَوا عَلَيْهِ مِنَ الْبَطْحاءِ وَجِلْدِ بَقَرَةٍ ، فَجَعَلُوا يَقُولُونَ : رَبّكَ اللاّتُ وَالْعُزّى ، وَيَقُولُ : أَحَدٌ أَحَدٌ ، قَالَ : فَأَتَى عَلَيْهِ أَبُو بَكْرٍ فَقَال : عَلامَ تُعَذّبُونَ هذا الإِنْسانَ ؟ قَالَ : فَاشْتَراهُ بِسَبْعِ أَواقٍ فَأَعْتَقَهُ ، فَذَكَرَ ذلِكَ لِلنّبِيّ صَلّى الله عَلَيْهِ وَسَلّمَ فَقَالَ : الشّرِكَة يا أَبا بَكْرٍ ، فَقَالَ : قَدْ أَعْتَقْتُهُ يا رَسُولَ الله On the authority of Muhammad b. Sirin that the family which owned Bilal took him and laid him down and threw soil and the hide of a cow on him, and began to say, “Your lord is Laat and Uzza!” And he would say, “He is One, One.” When Abu Bakr came, he said, “On what grounds are you torturing this man?” So he purchased him for seven ounces of gold and freed him. When he mentioned that to the Prophet, God bless him and grant him peace, he said, “Let’s form a partnership (concerning Bilal’s ownership), Abu Bakr,” and he replied, “I have freed him, Messenger of God.” – Ibn Sa’d’s al-Tabaqat al-Kubra
شَرِكَة فَرَنْسِيّة تُنْتِجُ حَشَرَاتٍ عَالِيَةَ الْجودَةِ لِلاسْتِهْلاكِ الْبَشَرِي French company produces high quality insects for human consumption – BBC News, Arabic
Did you know…
Although شَرِكَة is used in modern Arabic to mean company, in classical Islamic Law it would was thought of something more like partnership. With the creation of limited liability companies, the word naturally started to be used for company. In order to distinguish modern companies from modern partnerships, a new word therefore had to be created for the latter, namely شِراكَة .