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83 fatwas

  • Ruling on determining time for Mudhaarabah Date: 9-1-2014

    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? .. More

  • Owner of the capital money incurs the losses in Mudhaarabah deal Date: 15-12-2013

    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

  • Profits from a defective Mudhaarabah contract Date: 26-11-2013

    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

  • His partner in half of property has bought it through Riba-based mortgage Date: 1-8-2013

    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

  • A controversial brokerage partnership Date: 11-3-2013

    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

  • Payment of debt may be delayed if creditor does not claim it Date: 6-3-2013

    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

  • A partner taking a commission on each deal he buys Date: 16-7-2012

    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

  • Business partnership and partner’s money is suspicious – not prohibited Date: 7-3-2012

    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

  • Opinions regarding a partnership with commodities versus money Date: 19-7-2011

    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

  • Conditions of the validity of Mudhaarabah Date: 19-7-2011

    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

  • The invalidity of stipulating that one partner bears the losses and not the other Date: 18-7-2011

    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

  • It is not permissible to stipulate guaranteeing the capital paid for investment Date: 11-5-2011

    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

  • A member of a society is not allowed to take a decision alone Date: 10-5-2011

    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

  • An ambiguous partnership contract Date: 27-4-2011

    A Limousine company is offering a proposal whereby we have to pay 50% of the cost of New vehicle and the other 50% is being financed by them through Vehicle Hypothecation. They are entering into a 5 year contract with me by agreeing to pay a monthly rental amount of xyz, and the EMI and other expenses are being paid by them. Can I enter into the deal,.. More

  • Unclear agreement of Mudhaarabah Date: 26-1-2011 cousin took funds for partnership for a vehicle inspection garage for opening another branch of his existing garage and agreed if it didnt work we will be 50-50 partners in his existing has been 9 months since he took money.second one is not working out but he is not giving me anything from the existing as per our agreement from the.. More