What is the ruling if he sells a company which owes money to others?

Question: 20933

What is the position on debts which are owed by a company when it is sold?

Answer

Praise be to Allah, and peace and blessings be upon the Messenger of Allah and his family.

The debts are not included in the sale contract, and they are still owed by the original borrowers.

Source:

Shaykh Ibn Jibreen

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