Shirkah al-Milk is a type of partnership in Islamic finance where two or more individuals jointly own a property or asset. Each partner has a share in the ownership, and they can use the asset according to their agreed terms. This partnership is based on mutual consent and can involve various types of assets, such as real estate or businesses. In Shirkah al-Milk, profits and losses are shared according to the ownership shares of each partner. This arrangement encourages cooperation and collaboration among partners, as they work together to manage and benefit from the asset. Clear agreements are essential to avoid disputes and ensure smooth operations.