This paper presents Sheikh Daud al- Fatani’s thought on the concept of Musharakah in his book Furu 'al-Masa'il and referred specifically to the Kitabal-Shirkah. How musyarakah generally applied in Malaysia's Islamic banking system is the focus of this paper. In the same period, cross-references with the valid views of jurists of al- Shafi'i school of thought are also applied. Moreover, the concept of Musharakah is presented in his book “Furu 'al-Masa'il†is still considered relevant and applicable, including in the field of Islamic banking and finance from the past, present and future.
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