Encyclopedia of Jews in the Islamic World

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Commenda (‛Isqa)
(418 words)

The commenda (Aram. ʿisqa) was a profit-sharing arrangement designed to circumvent the prohibition of lending funds to a co-religionist at interest. It facilitated financial partnerships by allowing an investor to place funds with an active partner, often for the purpose of long-distance trade. Such agreements enabled Jewish merchants to participate actively in both the Mediterranean trade and the India trade, because a single investor could have an interest in multiple cargoes being shipped at the same time, and a…

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Phillip Ackerman-Lieberman, “Commenda (‛Isqa)”, in: Encyclopedia of Jews in the Islamic World, Executive Editor Norman A. Stillman. Consulted online on 29 November 2023 <http://dx.doi.org/10.1163/1878-9781_ejiw_SIM_000117>
First published online: 2010

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