Selling one's share of a business at a higher price

Q: I own a 50 % share in a barbershop business and my partner wants to buy my share out. My portion cost me R30 000 18 months ago when we started the business. I earn between R5 000 and R6 000 profits per month for my portion. I would like to know that if I agree to sell my share will I be able to ask for a higher price than what I originally invested. I was looking to ask for R75 000 as I am earning well monthly from my dividend.

A: Yes.

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

 

Answered by:

Mufti Ebrahim Salejee (Isipingo Beach)