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 2 of 5
- Ibn Masood7 Dec 2021
Diminishing partnership
What is a diminishing partnership in terms of Shariah and how is it enacted?
Mufti Mohammed Desai - Azaadville30 Nov 2021
Diminishing Musharakah Home Finance
We are looking to purchase a house and have approached _____ Islamic Finance. Please see attached a broacher of the modus operandi that they…
- Mufti Online17 Nov 2021
Distribution of profits in a partnership
Question 1: My brother in law and I would like to venture in a business of exporting rice from India to South Africa. He will invest 15% and I will…
Mufti Ebrahim Salejee - Ibn Masood4 Nov 2021
Ceasing a partnership agreement due to absenteeism
If any of the partners in a partnership agreement stops working, whereas the partnership agreement clearly states that he is required to work, and…
Mufti Mohammed Desai - Ibn Masood4 Nov 2021
Accepting funds from a number of investors on a Mudhaarabah basis
Can a Mudhaarib accept funds from a number of individuals on a Mudhaarabah basis and use their funds jointly for his business ventures?
Mufti Mohammed Desai - Ibn Masood4 Nov 2021
Cancelling a Mudhaarabah partnership agreement
Is it permissible for the partners of a Mudhaarabah partnership agreement to cancel the partnership?
Mufti Mohammed Desai - Ibn Masood4 Nov 2021
Fixing a period for the partnership agreement
Is it permissible for the partners in a partnership agreement to fix a particular period after which the partnership agreement will cease?
Mufti Mohammed Desai - Ibn Masood4 Nov 2021
Drawing expenses from the capital in a Mudhaarabah partnership
Is it permissible for the investment agent to attach a condition that all expenses such as food, drink as well as household expenses will be drawn…
Mufti Mohammed Desai - Ibn Masood4 Nov 2021
Profits not stipulated in a Mudhaarabah partnership
What is the ruling if the profit sharing percentages are not stipulated in a Mudhaarbah partnership between the partners?
Mufti Mohammed Desai - Ibn Masood4 Nov 2021
Investor engaging in work in a Mudhaarabah partnership
One person invested his wealth with another person on a Mudhaarabah basis, on condition that whatever profit is accrued will be split equally…
Mufti Mohammed Desai - Ibn Masood4 Nov 2021
Terminating a Mudhaarabah partnership
Can one terminate a Mudaarabah partnership and what is the method of doing so?
Mufti Mohammed Desai - Mufti Online3 Nov 2021
Investor and the working partner drawing a salary from the business
I have a business question. Two people decided to open a business. One person invested the money and the other person is responsible for running the…
Mufti Zakaria Makada - Azaadville2 Nov 2021
Dissolving A Business Venture
I need your assistance in dissolving a side line business that my cousin and I decided to go into. Some brief facts of our agreement: I was to…
- Azaadville23 Oct 2021
Dissolving A Partnership
Zaid was doing business. There was an amount of 900 Dollars that was due to him. It as scheduled to reach him after a few days/ weeks. This 900 was…
- Azaadville12 Oct 2021
Status Of A Partnership After A Partner Passes Away
I have an equal business partnership If 1 of the partners returns to the mercy of ALLAH how does that buisness proceed with regards to Income from…
- Mufti Online22 Aug 2021
Dissolving a partnership with the condition of restraint of trade
I have a few questions pertaining to the dissolvement of a partnership. Preamble relating to the questions: In the year 2012 (July) I sold a 50%…
Mufti Ebrahim Salejee - Azaadville4 Aug 2021
Silent Partners
Zaid and Ismail are partners. Ismail is silent partner who helps when need me Zaid runs business, by himself Ismail has no idea on day to day…
- Azaadville23 Jul 2021
Mudaarib Adding Funds To A Mudarabah Transaction
I gave a Mudaarib R3000 to invest in clothing. The business continued for some time in this way, that the profits were always removed and kept…
- Azaadville26 Apr 2021
Islamic Banking And Share Trading
I am not too convinced with the present day islamic finance which is applied in the conventional banks as well as those with Muslim names. Similar…
- Azaadville3 Mar 2021
Partnership Transaction
Brother A and brother B went into a mudhaarabah transaction. They opened and ice cream shop. A funded the business and B ran the business. They…
- Mufti Online26 Dec 2020
Partners purchasing the share of a partner
There are 3 partners in a business (2 active and 1 silent). The one active partner wishes to exit the business. The share will be paid off through…
Mufti Ebrahim Salejee - Ask Imaam24 Dec 2020
Diminishing Musharakah
I would like to know what is diminishing musharaka with regards to property finance and, is it permissible for one to be involved in such a…
Ebrahim Ibn Ahmed Dadan - Mufti Online5 Dec 2020
Shareholders selling their shares
Seven people own shares in an asset, and have different wishes regarding what should be done with the asset i.e some wish to sell the asset while…
Mufti Ebrahim Salejee - Mufti Online1 Oct 2020
Forming a partnership with a farmer
If I venture into a capital investment partnership in which I will give the capital and my partner does the work. It will be specific to animals, my…
Mufti Zakaria Makada - Ask Imaam8 Aug 2020
I have a question regarding a partnership. Is the following allowed?
Assalaam Molana, I have a question regarding a partnership. Is the following allowed? There are 2 people. Person 1 puts down $1,000,000 towards the…
Hammad Ibn Ismail Jogiat - Ask Imaam30 Jun 2020
Musharakah contract agreement in the West - Will this be permissible?
Dear Shaykh, Assalamu Alykum I have 3 questions pertaining to financial transactions 1. What if the company has debt and taken out loans. What is…
Ahmad Patel - Mufti Online11 Apr 2020
Sharing in the profit as well as the loss in a mudaarabah contract
I wish to do mudaarabah with a friend. I am the active partner. If I make a profit it'll be shared according to the percentage of profit agreed…
Mufti Ebrahim Salejee - Ask Imaam19 Mar 2020
Shari’ah compliant diminishing Musharakah contract
Slm, I wanted to find out would it be possible to get a sample contract that one could use for purchasing a home via co-ownership + rent. I have…
Bilal Yusuf Pandor and M. Akhtar - Mufti Online18 Mar 2020
Taking the produce as a form of payment
Zaid bought a cow worth Rs. 2 lakh. He gave it to Aslam on the condition that Aslam will take care of the cow, and will be responsible for providing…
Mufti Ebrahim Salejee - Mufti Online4 Mar 2020
Paying out partners who wish to leave the partnership
Four men (A, B, C & D) started a joint halaal business by investing Rs.50,000 each. The business could not be established well and after a year, two…
Mufti Ebrahim Salejee - Ask Imaam26 Feb 2020
Mudharabah Partnership
Assalaam Molana, I have a question regarding a partnership. Is the following allowed? There are 2 people. Person 1 puts down $1,000,000 towards the…
Hammad Ibn Ismail Jogiat - Mufti Online8 Feb 2020
Holding back a portion of the profits in an investment
Generally, in certain property or livestock investments, they have a reserve which they keep for expenses and unexpected circumstances. In other…
Mufti Zakaria Makada - Mufti Online26 Jan 2020
Merging a Partnership
Please advise in the following matter. Preamble: 1. Zaid, Amr and Khalid are equal partners in COMPANY A i.e. each one is a shareholder of 1/3 of…
Mufti Zakaria Makada - Ask Imaam23 Jan 2020
I wish to start a leather Business - How do i do a Musharakah transaction?
Assalamu Alaykum Mufti Sahib, i hope you are well and happy. I wish to start a leather Business. There are people who are ready to invest in my…
Shakib Alam - Mufti Online18 Jan 2020
Entering into a partnership
I am living in Dubai and I bought a limousine on instalments. I paid the down payment. I have a cousin who is working with me night shift. He did…
Mufti Zakaria Makada - Mufti Online13 Jan 2020
Diminishing Mushaarakah
Is a decreasing partnership arrangement correct? This arrangement is used by some Islamic banks who call it diminishing mushaarakah. An example of a…
Mufti Zakaria Makada - Mufti Online1 Jan 2020
Sleeping partner fixing his share of the profit more than his capital investment
Ayyoob and Junaid each contributed R200 000 as their capital investment to start a business partnership. They both agreed that Ayyoob will work in…
Mufti Zakaria Makada - Mufti Online1 Jan 2020
Profit share of working partner exceeding his capital share
Muhammad and Mahmood started a business partnership by each contributing R250 000 as capital. They have mutually agreed that Muhammad will work in…
Mufti Zakaria Makada - Ask Imaam17 Dec 2019
Partnership on land
Five of my brother-in-law's colleagues were looking for someone who can be a partner of installment for a piece of land that they were going to buy…
M. Akhtar - Ask Imaam12 Dec 2019
Musharakah, Diminishing Musharakah, and Mudharabah
Assalaamu Alaikum Warawhmatullaawhi Wabarakaatuhu Respected Hazrat In the UK, we have so- called Islamic Banks that finance your home. In any type…
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.