Business proposal

· 16 Shaʻban 1435 AH1 min readEnglish
Business and DealingsPartnerships

Question

I have been offered a business proposal to be a shareholder in a new company by a businessman who is going to be the financier of the business. The offer is as follows:

(1) Better my current salary where I am currently working.

(2) 30% shares of the business.

He is also basing this decision on my knowledge and contacts that I have on the nature of this business. We have both agreed to have everything in writing at the right authorities. Please advise on how I should go about doing it.

Answer

This is correct.

And Allah Ta'ala (الله تعالى) knows best.

Answered by
Mufti Ebrahim Salejee (Isipingo Beach)
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