Business and Dealings

Sleeping partner fixing his share of the profit more than his capital investment

Q: Ayyoob and Junaid each contributed R200 000 as their capital investment to start a business partnership. They both agreed that Ayyoob will work in the business and Junaid will be a sleeping partner. Is it permissible for Junaid to stipulate his share of the monthly profits as 60% (i.e. 10% more than his capital investment)?

Profit share of working partner exceeding his capital share

Q: Muhammad and Mahmood started a business partnership by each contributing R250 000 as capital. They have mutually agreed that Muhammad will work in the business and Mahmood will remain a sleeping partner. In exchange of the work he does, is it permissible for Muhammad to stipulate an extra 10% of the monthly profits for himself over and above his 50% share?

Registering a company name

Q: Is it permissible to register a company name? Once registered, nobody has the right to use this name except myself. Also, what is the ruling regarding registering a product name under my name? After this, nobody can give their product this name except myself.