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View By Subject 85 fatwas
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Dissolving a partnership
Two people are partners in business and one partner decides to pull out of the business even at the loss of his investment and the other partners makes a promise that, Insha Allah one day he'll return the other's investment to him (the person concerned verified he was not looking for his money back; he just wants to cancel the partnership). Is such.. More
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Profit Percentage Versus Salary
Two persons started a business were each one of them paid an equal amount of money and is getting 50% of the profit however only one of them physically work at place and he gets in return a weekly salary is this Halal or should he get a higher percentage instead.
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Dissolving a partnership
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
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Having a guarantor in partnership
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
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Questionable Partnership Agreement
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
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Formed business partnership with person whose money is questionable
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
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Feeling depressed over a bad business deal
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
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Going into Business with a Non-Muslim
Is it possible to open a new business store with a non-Muslim?
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Mixing Orphans' Money with Own Money in Business
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?
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Being in business with a dishonest partner
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
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