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View By Subject 85 fatwas
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Is it permissible to cancel partnership contract at any time?
I agreed with my partner to rent a piece of land. Consequently, I went ahead and concluded all the license procedures. Is it permissible for me to break up the partnership with my partner? Is it obligatory upon me to make him my partner in this regard?.. More
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Impermissible to guarantee capital in a Mudhaarabah contract
Assalam o alekum, I invested the money in a mutual fund named "Islamic Principal Preservation Fund". They have the Fatwa from a Mufti saying it is according to sharia. My questions are. 1. Is it Islamic when principal/capital amount is protected/guaranteed. (Profit is not fixed & guaranteed) 2. If it is not who will be responsible for that sin,.. More
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Ruling on determining time for Mudhaarabah
To what extent is the following partnership valid under Sharee‘ah? I have a factory of sawing stone and marble. A friend offered to invest a certain sum in it, in return for one-third (of the profits) for one year. The question is: what is the destiny of the invested sum of my friend after the year is over?
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Owner of the capital money incurs the losses in Mudhaarabah deal
Dear Sheikh, AssalamoAllaikum Wa Rehmatullahi Wa BarakatAhu. I need your guidance in an important matter concerning my family. Back in the year 2007, my wife got into a business agreement with her maternal uncle, whereby her uncle gave her 1.5 million rupees to start a business. Both parties held 50% partnership, the uncle was investor and my wife was.. More
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Profits from a defective Mudhaarabah contract
Assalam-o-Alaikum, Dear Sir, I had invested an amount of 400 thousand Pakistani Rupees in a business in the name of Mudarabah. The detail is that i haven't handed over the money directly to the Mudarib but through another person whom according to my belief was a pious and a trustworthy faithful person. I was told that i will get upto 35 % profit after.. More
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His partner in half of property has bought it through Riba-based mortgage
salam, I am interested in buying part property, which means I pay 50% of the property with cash. & the other half is owned by someone else. when rented, I get 50% of the rent. Is it permitted in Islam if I know or don't if the other owner is paying by Mortagage? .. More
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A controversial brokerage partnership
We have business partnership with a person who is G.M marketing in one factory.He has connections all over the world from his previous job.We have agreed to work for him and registered a company in my name as commission agents.He bring orders from abroad and fulfill those orders from his factory on market rates and charge 3% commission from factory.. More
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Payment of debt may be delayed if creditor does not claim it
I am doing business of textile trading/indenting with a partner. Our style of work is like that we both partners work with different parties and each one complete his deal on both seller and buyer side. In some cases one partner deals on seller side and other on buyer side.We usually try not to interfere in others work. Sometimes we deal with parties.. More
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A partner taking a commission on each deal he buys
I am doing real estate business with a foreigner who is the investor. 70 % of the profit goes to the investor and the balance 30 % for me. I buy land thru the brokers. The land owners give a commission of 3% to the brokers. I get 1.5% from the brokers. Is it halal for me to take the commission without asking the investor or shall I share it with the.. More
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Business partnership and partner’s money is suspicious – not prohibited
The business in our factory has been going through some difficult times. The landowner is a shareholder and he is a Christian. His money is more likely to have been made through trading in alcoholic drinks. Could this be the reason behind our difficult times?
Is it lawful to have a business partnership with this man?.. More
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Opinions regarding a partnership with commodities versus money
Two people established a partnership with one party paying money and the other party with real estate property. Later, the owner of the real estate property asked his partner, who had contributed cash, to withdraw, under the pretext that he no longer needed his help in running the company. The company sold its products to an untrustworthy person who.. More
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Conditions of the validity of Mudhaarabah
What is the ruling on having a partnership with a person to establish a service shop? He will contribute the capital and I will run the store with my experience, and I will not pay any funds. Will I share in the profits and loss as well, noting that I do not possess any funds in the case of loss? Is it permissible to immediately withdraw my profit,.. More
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The invalidity of stipulating that one partner bears the losses and not the other
In the name of Allaah, the Most Merciful, the Ever Merciful
I have an amount of money and my cousin made me an offer: that I share with him a food business on a fifty-fifty basis. I do not understand business, therefore, we agreed that he will work alone while we will both share the profit, and I will bear any loss. Is that permissible? Please.. More
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It is not permissible to stipulate guaranteeing the capital paid for investment
A friend of mine, thanks to Allaah, owns a commercial enterprise that yields profits. However, my friend underwent financial hardship and, to get over the problem of liquidity, he offered me to partnership in his project for one year. I paid him a sum of money and we agreed that it represents a certain part of the capital of the project, and consequently.. More
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A member of a society is not allowed to take a decision alone
We are a group of students in Ukraine, and we are members of an Islamic-oriented social society. The society collected donations from Muslim students for the sake of serving Islam. The fund had only 300 (in cash); one hundred of which was gifted to one of the wealthy religious Muslim Arabs because he had a newborn baby. This is despite the fact that.. More
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