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83 fatwas

  • Dissolving a partnership Date: 14-8-2003

    If two Muslims are in a business partnership and one decides to pull out and accept the loss of his investment, but the other promises to return the investment at a time in the future (Allah willing), is this considered a debt?.. More

  • Having a guarantor in partnership Date: 9-7-2003

    In Islam is guarantor needed in any investments as investment will be either loss or profit. There are people saying that the guarantor will have to pay the amount if the investment failed and there is a loss... More

  • Questionable Partnership Agreement Date: 21-5-2003

    There are two business partners who put money into their business equally. Their names are $Samir$$ and $Ahmad$$. $Samir$$ says to $Ahmad$$ that he gets his goods (say, a batch of copper) from abroad at the price of 60 dollars per batch and $Ahmad$$ agrees with this. In reality, $Samir$$ gets this one batch for 40 dollars and sells it to his customer.. More

  • Formed business partnership with person whose money is questionable Date: 19-4-2003

    I have opened a shop with a Christian partner 6 months ago. I learnt recently that this partner has taken the money he contributed from his dad - who own as a grocery store that sells groceries and alcohol. Is this (50-50) partnership Halal? What am I supposed to do now?.. More

  • Feeling depressed over a bad business deal Date: 3-3-2003

    My friend asked me to invest. I did so. He asked me to recommend others. I did. Now he has cheated all of us and disappeared. Those whom I recommended are harrasing me for money. I am in total depression and have no peace of mind. They are accusing me, some even calling me a conman. I am performing many prayers to overcome this problem. I am very, very.. More

  • Going into Business with a Non-Muslim Date: 8-7-2002

    Is it possible to open a new business store with a non-Muslim? .. More

  • Mixing Orphans' Money with Own Money in Business Date: 31-7-2001

    I manage money for orphans. I have started a business using their money and my money. The business has already started and I no longer have their money, but most of the money in the business is mine. Is this allowed? How should I handle this situation? Do I give them the full amount of interest? .. More

  • Being in business with a dishonest partner Date: 13-8-1999

    long time ago I made a company with another man whom I met for the first time, he came from another country, he told me that he have many companies in many countries, because he is Muslim and he have a good method to talk with Qura'n and Hadeeth I think he is a honest man, I gives him my money and we begon the new company me in Holland and he from.. More