Category : Partnerships

  • business

    assalamu alaikum. may allah have mercy on you. I am going to start business with my brother who is a running business man. we have come to a contract that I will join in his business as a partner but with no investment from my side and in case of profit I will take 40% of it and he will tak...

    06 May 2020 Ref-No#: 2449
  • share business

    salam. I have a small amount of cash money and I want to give that money to my friend to do business with that money and to share profit with me but In case of loss I do not want to share loss with him because of my extreme poverty and my friend is agree upon this contract. Is this legal? ...

    13 Sep 2019 Ref-No#: 2215
  • Charging for Goodwill

    Assalamu alaykum, A, B, C, D and E are joint partners in a running business concern. A and B own shares of 25% each; whilst C and D own 20% each. The remaining 10% is owned by E. D and E are now negotiating to purchase the shares of A and C. The stock, debtors, equipment and other assets h...

    27 Feb 2018 Ref-No#: 421
  • Ownership of the house bought through the muncipality

    Salam Mufti, Can you assist with the following: A father intended to buy a house through the municipality and applied for it at the municipality and his application was accepted. Since he did not have enough money, his eldest son paid the installments of the house and consequently h...

    27 Feb 2018 Ref-No#: 307