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The question

What is the ruling concerning this company that relies not on capital but on effort? Is it a company of bodies, or of faces, or of 'inan? And what is the ruling concerning calling what is disbursed monthly to the partners a "salary"? And what is the ruling concerning what is disbursed to them for travel or for working extra hours?

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Source: FtawySummary from Ftawy's records · added here Sep 2, 20261 min readAlso available in العربية
The answer

This company is a company of persons or works, where an agreement is made to accept, manufacture, and install works according to customer demand, and no monetary capital is required for it. Profits are distributed among the partners according to the agreement, without stipulating a fixed amount for any one of them. It is permissible to contribute fixed assets to the company, with their ownership remaining with the parties or being purchased from the partners' funds. What is called a monthly salary is permissible as an accelerated part of the profit share, to be deducted later. It is also permissible to agree to pay an additional amount to the partner for overtime hours or during travel, as a work wage outside the company's contract.

Summary from Ftawy's records · added here

Reviewed by El Fatwa's sharia committee.

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Where this answer came from
Source platform
Ftawy
Original fatwa ID
189232
Added here
. This is when the answer was added to El Fatwa, not the fatwa's date.
Text
Summary from Ftawy's records, reviewed by El Fatwa's sharia committee.
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Read the full answer on Ftawy