Categories
Answers: 246Business Partnerships
- 6,996
Ruling on joint purchase of property with the bank, after which the bank sells its share to the customer on the basis of muraabahah (profit-sharing)
- 17,952
He is investing money in a company that will give him 3% of his capital for a period of ninety days
Selling at the original price, and making maintenance and insurance the responsibility of the customer, in a diminishing-share partnership
In conclusion, it is not permissible to enter into the contract mentioned, because it involves two prohibited matters: 1. the promise to buy the share of the financial institution at its nominal value 2. making maintenance and insurance the responsibility of the customer. These two conditions undermine the partnership contract, so they end up being a trick aimed at earning riba through this financing, because the customer has to pay the financial institution more than he will take from it, under the heading of partnership and renting. And Allah knows best.5,239- 11,441
In the case of business partnerships, it is not stipulated that the shares invested by the partners or their shares of the profits should be equal
- 6,584
If his partner is absent from work, is it permissible for him to deduct from his earnings for that reason?
- 14,175
Salary for one who is a partner in a business on the basis of his expertise and work
- 14,724
They formed a business partnership; how should the profits be shared among them?
- 16,226
Guidelines on dealing with a diminishing-share partnership
- 11,564
Partner took money from the company without his partner’s knowledge
- 8,687
Employee compensating his company for what is owed to it by waiving some of his dues
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