Mufti Online — Madrasah Ta'leemuddeen

Partners purchasing the share of a partner

· 11 Jumada I 1442 AH1 min readEnglish

Question

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 the business over a period of time, not any external funds.

Will it be permissible for the 2 remaining partners to mutually agree that the share of the exiting partner will be purchased only by the active partner or is it compulsory for both partners to purchase this share equally?

Answer

Both ways are permissible.

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

References (Arabic / Urdu sources)

(وكل) من شركاء الملك (أجنبي) في الامتناع عن تصرف مضر (في مال صاحبه) لعدم تضمنها الوكالة (فصح له بيع حصته ولو من غير شريكه بلا إذن إلا في صورة الخلط) (رد المحتار 4/ 300)

Answered by
Mufti Ebrahim Salejee (Isipingo Beach)
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Questions about this ruling, answered only from the archive with sources.

Where scholars differ, it’s safer to take the more cautious view.

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Source: Mufti Online — Madrasah Ta'leemuddeen — https://muftionline.co.za/node/32117
Fatawa SA: https://fatawa.co.za/fatwa/muftionline-32117

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