Interestingly, in Venice, they'd send convoys of ships packed with supplies to conduct commercial enterprise overseas. Investors and entrepreneurs would pool resources and invest capital to share in profits from these convoys. This financial instrument is called a Commenda, and the idea most likely originated from the concept of a Qirad. These Commenda also employed a corporate structure with legal agreements between managers and investors, much like Qirads used in early islamic societies
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