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The question

Is the action of the Chairman of the Board of Directors—modifying the commercial register so that the right to sign becomes his alone, reserving lands in the company's name without the partners' knowledge, and then refusing to give them their share in it after they became aware and were ready to pay—considered haram and an usurpation of the partners' rights?

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

Modifying the commercial register without the permission of the two partners is considered a betrayal and requires repentance and restoring the matter to its original state or reaching a mutual agreement with them. As for the lands allocated to the company, they belong to the company if the two partners agree to that and pay you their share of the price. Otherwise, you must inform the designated authority about the matter, because the allocation was for the company under specific conditions and not for you personally. The conditions must be adhered to, or the granting authority must be consulted.

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
159905
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