Business and Dealings

Selling one's share in a company

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?

Returning something to the rightful owner

Q: Thirty years ago, when I was a child, I found a gold necklace. My sister took it from me and kept it. Two months ago she returned the item back to me saying she is not entitled to it. The local police law states that if you find something you must hand it in to a local police station and if no one claims it within 28 days then it becomes legally mine. I handed it in to the local police station and no one claimed it. I couldn't say I found it thirty years ago because I might have got into trouble for keeping it so long. Obviously no one claimed it so the police have said I can keep it. I don't want to be sinful so what should I do with the necklace?

Hiring someone to go fishing

Q: I have a few friends who go fishing and hire boys to assist them while fishing. The boys prepare the rods for them, ensure that there is enough fishing line on the rod, and place the bait on the rod, etc. At times, these boys also hold the rod and fish when my friends want a break. If they catch any fish, they give it to my friends. Is this permissible?