Partnerships

Q: Is a business partner allowed to draw a salary over and above his profit percentage?

Q: We are 3 partners in a business. Two are complete silent partners. I am the only working partner. Is it permissible for me to draw out a salary in addition to my profit percentage that gets ?

Q: One Christian man invested in my business but unfortunately the business suffered a loss and I was in debt of 1 crore. This Christian man told me to give him interest every month and he put pressure on me and my family. What can I do according to shariah?

Q: I have started a new business for which I need some funds. I do not want to take a loan that involves interest. I have found an investor but he wants some kind of profit. I really really need the fund for my business so how do we proceed in a halal manner?

Q: I want to invest some money in a friend's import export business against which he would give me a fixed monthly income regardless of the actual profit or loss he makes in the business. Is it halal for me to do this investment and take monthly fixed profit?

Q: I was recently given a 1/3 share in a business (i.e.without investing anything). However I am currently a working partner in the business. My question is

1. Am I intitled to a salary?

2. When the shares are distributed, do I recieve any?

3. If i am not intitled to a salary, what is the way foward with regards to me recieving extra due to being a working partner?

Q: Person A gives person B £1000 to buy a car in order to sell. All the profit from the sale is split by person A and B. Person A will receive his £1000 back. After that if there is any left over money then it will be split between A and B. Is this permissible?

Q: Six months ago my businessman friend approached me and told me that he has got a big order from his customer but he doesn’t have enough money to fulfill his order. So he asked me to invest 1 million in his business so that he can complete the order and he would pay me a profit from this order in proportionate to my investment which is around 0.4 million. Order was confirmed and payment was secured. Is this halal for me?

Q: One of my friends wants to open a store with me in a partnership. We will share the profits equally by each of us receiving 50%. However, my main store will supply stock for this store at a small profit to me only (to cover transport costs, wages for my workers who will be loading, offloading, marking, etc.). What is the Shar’ee perspective regarding this arrangement?

Q: I have paid 50% money for owning a business firm and the owner put a condition that I must pay the balance 50% within 6 months’ time and I have to give the money from foreign country where he is working. I can run/own the business only after paying the full amount. After 5 months, I asked my friend to join the partnership with this business by paying the balance of the money from a foreign country and he is ready to join also. However currently the value of this business is increased during this 6 months duration. So, can I reduce his partnership percentage to 30% as per current value of business firm and actually he paid 50% of the total value (It means he has to pay more money than actual value that I brought as per current market price). Is it become permissible as per Islamic rule?