Shirkah is an Arabic term that refers to partnership or collaboration in business or financial matters. It involves two or more parties coming together to share resources, risks, and profits in a joint venture. This concept is significant in Islamic finance, where it promotes fairness and mutual benefit among partners. In Islamic finance, shirkah can take various forms, such as Shirkah al-Milk (joint ownership) and Shirkah al-Aqd (contractual partnership). These partnerships are guided by principles that ensure transparency and ethical conduct, aligning with Islamic teachings to foster trust and cooperation among participants.