are we allowed to pay goodwill when purchasing a business.
Question
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are we allowed to pay goodwill when purchasing a business.
Answer
In principle, goodwill is not permissible. However, the alternative is to set a higher value price to the commodities of the business.
and Allah Ta'ala Knows Best
Mufti Ebrahim Desai
- Answered by
- Mufti Ebrahim Desai
Where scholars differ, it’s safer to take the more cautious view.
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Source: Darul Iftaa Mahmudiyyah — https://askimam.org/public/question_detail/6313
Fatawa SA: https://fatawa.co.za/fatwa/askimam-6313
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