Paying out partners who wish to leave the partnership

Submitted by user2 on Wed, 2020-03-04 07:47

Q: Four men (A, B, C & D) started a joint halaal business by investing Rs.50,000 each. The business could not be established well and after a year, two of the men (A & B) decides to leave the business as they don't find it profitable.

At this point, how will the shares be given back to A & B, who have decided to discontinue out of their own free will?

A: They should work out their proportionate share value in the business and sell it to the other partners or an outsider at a mutually agreed price.

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

Answered by:

Mufti Ebrahim Salejee (Isipingo Beach)

Category:

Business and Dealings›Partnerships

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