This course provides firstly an introduction about the meaning of corporation, the proofs of its legitimacy, its ‘fundamental constituents’, its conditions in general, its legal nature, and its cancellation. It highlights also the most important kinds of corporations in Islamic Jurisprudence, such as al-‘Anan, al-’A‘mal, al-’Abdan, al-Mufawadah, al-Mudarabah, al-Wujuh, and al-Musahimah. The accordance of companies with the legal rulings. The contemporary applications of al-Mudarabah corporation in the Islamic banks.