Business & Finance · Subtopic
Partnerships
181 fatawa from 7 South African Darul Iftas on Partnerships, part of Business & Finance. Newest first; every fatwa links to the page where its Darul Ifta published it.
Subtopics are grouped from each Darul Ifta’s own categories and the fatwa titles, so the count is approximate.
By Darul Ifta
Partnerships fatawa — page 3 of 5
- Jamiat KZN21 Nov 2019
Diminishing Musharakah (Partnership) (2/2)
The agreement between you and the businessman is an agreement of Mudaarabah. Mudaarabah is a partnership wherein one partner called the Rabbul Maal…
Muhammad Yusuf bin Moulana Abdur Rahim Khan - Jamiat KZN21 Nov 2019
Diminishing Musharakah (Partnership) (1/2)
Assalamualaikum I have two questions. Please answer I wish to buy a flat. I dont have enough money. My friend Basheer is ready to help me but wants…
- Ask Imaam19 Nov 2019
Diminishing Musharakah - Simplified
Assalamualaikum Mufti saab I have two questions. Please answer I wish to buy a flat. I dont have enough money. My friend Basheer is ready to help me…
Muhammad Yusuf bin Moulana Abdur Rahim Khan - Mufti Online16 Nov 2019
Profit share after termination of partnership before payment
A partnership was dissolved with one partner buying out the other partner. They agreed that the payment will be made over a period of one year in…
Mufti Zakaria Makada - Ask Imaam23 Oct 2019
Receiving a Salary in a Partnership
Asalamualaikum, I am seeking clarification a certain matter. in Fatwa: # 16884 on your website you satate that the parentrs in the business cannot…
Hammad Ibn Ismail Jogiat - Ask Imaam14 Oct 2019
Can Muslims do a partnership in business - which is a makeup studio for women?
Can Muslims do a partnership in business - which is a makeup studio for women? Partnership involves only investing money and marketing. Whereas the…
Mohammed - Mufti Online26 Sep 2019
Drawing one's profit share in a partnership
I did a partnership with someone and we both agreed that whatever profit would be generated, we would share it equally. We both partners have access…
Mufti Ebrahim Salejee - Mufti Online21 Sep 2019
Selling a portion of one's share in a partnership without the other partners permission
Myself and my cousin own a joint business venture. Our ownership and profit sharing percentage is 50/50. Can I bring my son into the business by…
Mufti Ebrahim Salejee - Ask Imaam20 Sep 2019
Partnership with a wedding planner
Assalam Alikum, I would like to know if it's permissible to operate a wedding decoration business targeting mainly to the muslim community? My…
M. Akhtar - Mufti Online26 Aug 2019
The Share of Each Partner in the Sale of a Property
We are a few partners who bought a property. One partner gave R1 million and the others gave R5 million. Before selling the property, we told the…
Mufti Zakaria Makada - Mufti Online7 Aug 2019
The share of each partner in the sale of a property
We buy some property. One partner only gives 10 lacs while others give 50 lacs. Before selling the property we say to 10 lac partner that we will…
Mufti Zakaria Makada - Mufti Online18 Jun 2019
Some partners taking more benefit than others in a property
A family buy a property. In this property, some of the same family members, who bought the property, reside and some do not. Because some family…
Mufti Ebrahim Salejee - Mufti Online16 Jun 2019
Partnership in importing goods
Zaid went to China to buy goods for 1 million. On reaching there, Zaid found out that the goods with the freight would cost 1.2 millions. Amr is…
Mufti Ebrahim Salejee - Ask Imaam18 Mar 2019
Combination of two Partnerships (Mudharabah and Musharakah)
Assalamualaikum, I and my friend wanted to start a partnership business similar to bank(on a smaller scale). We try to find depositors who are ready…
Muhammad I.V Patel - Mufti Online17 Mar 2019
Entering into a partnership with a person whose capital will be from an interest bearing loan
My brother wants to enter into a partnership business with another person whose initial investment in business is taken from an interest bearing…
Mufti Ebrahim Salejee - Mufti Online6 Mar 2019
Wakeel (agent) making improvements to item before selling it
I earn a living by selling cars. I go to auctions and buy second-hand cars. Thereafter, I leave the car with a dealer who has a showroom. The dealer…
Mufti Zakaria Makada - Ask Imaam8 Feb 2019
Mudharabah Partnership
Asalam a wrt bkh I hope ur in the best health and emaan. My question is related to Islamic finance. If I were to do a partnership between two…
Muhammad I.V Patel - Ask Imaam31 Jan 2019
Gatehouse Bank Diminishing Musharakah
Asalamu Alaykum, Dear Respected Mufti Saheb, I’d like to ask that is the buy-to-let scheme offered by gatehouse bank ( UK ) Shar’iah compliant? Here…
Muajul I. Chowdhury - Mufti Online29 Jan 2019
The correct procedure of starting a partnership
I want to start a business and I have an idea. The problem is that the idea is so easy, if I go with this idea to a traditional investor or Venture…
Mufti Ebrahim Salejee - Mufti Online20 Jan 2019
Selling one's share of a business at a higher price
I own a 50 % share in a barbershop business and my partner wants to buy my share out. My portion cost me R30 000 18 months ago when we started the…
Mufti Ebrahim Salejee - Mufti Online23 Dec 2018
Gay business partner
I am deciding to start a new business venture. I only found out later into a partnership that my business partner is gay. What is the ruling…
Mufti Ebrahim Salejee - Mufti Online22 Nov 2018
Sharing in the profit and loss in a partnership
There is a company called 3A Alliance. The comapny take's money from people for investing. They have a motorcycle company called Supreme. They take…
Mufti Ebrahim Salejee - Mufti Online18 Nov 2018
Taking a fixed amount of money in a partnership
If I invest 25 lakh rupees in a business of grocery items on the condition that I am allowed to take groceries worth 25,000 rupees per month, will…
Mufti Ebrahim Salejee - Mufti Online10 Nov 2018
Drawing a salary in a mudhaarabah partnership
Is it permissible, in a mudhaarabah partnership, for both the rabbul maal (financer) and the working partner to draw a specified equal salary per…
Mufti Zakaria Makada - Mufti Online24 Oct 2018
Cancelling a partnership
20 years ago, Mr. Zaid invested Rs. 50 lakh in a business. All the items were purchased from his money and it was decided that he would get 25% of…
Mufti Ebrahim Salejee - Mufti Online21 Oct 2018
Stipulating a specific amount of the profits in a partnership
I gave R500 000 to a factory owner as an investment. Every single month, he gives me R30 000. Is that R30 000 halaal or haraam?
Mufti Zakaria Makada - Mufti Online2 Oct 2018
Who pays the transfer charges in terminating a partnership in properties?
Six brothers are in partnership in a portfolio of various properties. One of the brothers would like to exit. He would exit by taking his equal…
Mufti Zakaria Makada - Mufti Online18 Sep 2018
Musharakah
Is Musharakah financing halal in islam? what are the main things to be consider when looking to get halal mortgages?
Mufti Ebrahim Salejee - Mufti Online9 Sep 2018
Partner receiving extra money for extra work
We are in a partnership with two non-Muslim parties. Our shares in the partnership are 30%, 40% and 30%. Initially, the profit was to be divided as…
Mufti Ebrahim Salejee - Mufti Online30 Jun 2018
Paying a debt in a different currency
I placed my partner's money overseas without his knowledge. In December we decided to end the partnership and I worked out in dollars (R13.72) the…
Mufti Ebrahim Salejee - Mufti Online27 Jun 2018
Business partner drawing a salary
Is a business partner allowed to draw a salary over and above his profit percentage?
Mufti Zakaria Makada - Mufti Online3 May 2018
Partner drawing a salary from a partnership
We are 3 partners in a business. Two are complete silent partners. I am the only working partner. Is it permissible for me to draw out a salary in…
Mufti Ebrahim Salejee - Mufti Online23 Apr 2018
Sharing losses in a partnership
One Christian man invested in my business but unfortunately the business suffered a loss and I was in debt of 1 crore. This Christian man told me to…
Mufti Ebrahim Salejee - Mufti Online17 Apr 2018
Partnership in a business
I have started a new business for which I need some funds. I do not want to take a loan that involves interest. I have found an investor but he…
Mufti Zakaria Makada - Mufti Online3 Apr 2018
Taking a fixed monthly income from an investment?
I want to invest some money in a friend's import export business against which he would give me a fixed monthly income regardless of the actual…
Mufti Ebrahim Salejee - Mufti Online28 Mar 2018
Can a working partner receive a salary from the partnership?
I was recently given a 1/3 share in a business (i.e.without investing anything). However I am currently a working partner in the business. My…
Mufti Ebrahim Salejee - Ask Imaam12 Mar 2018
Can the return of my capital be guaranteed when I invest in a partnership?
I have submitted a question on a financial matter many days ago and have nkt yet reveived the reply. I am copying the question below and would be…
Muhammed Al-Ameen Bin Moulana Ismail Akoo - Mufti Online30 Dec 2017
Sharing the profits and losses
Person A gives person B £1000 to buy a car in order to sell. All the profit from the sale is split by person A and B. Person A will receive his…
Mufti Ebrahim Salejee - Mufti Online22 Nov 2017
Investing in a friends business
Six months ago my businessman friend approached me and told me that he has got a big order from his customer but he doesn’t have enough money to…
Mufti Ebrahim Salejee - Mufti Online13 Nov 2017
One partner selling goods to the partnership at a profit
One of my friends wants to open a store with me in a partnership. We will share the profits equally by each of us receiving 50%. However, my main…
Mufti Zakaria Makada
Read-only index of fatawa already published by South African Darul Iftas, each linked to its original. Not a fatwa service — for your own situation, ask the issuing Darul Ifta.