The Ruling on Setting a Time Limit in a Musaqah Contract

Question : And if they set a time limit for it, it is a mudarabah (profit-sharing partnership) and is dissolved by the death of either party.

Answer : It is treated like a mudarabah, and according to the stronger position, if they set a time limit for it. Yes, it is obligatory to set a time limit; the stronger position is that it is obligatory to set a time limit. Yes.