Category : Partnerships

  • 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