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The question

Is the agreed-upon method for managing the company—which relies on a voting system and majority rule, while giving the managing partner two votes (as a partner and as a manager)—forbidden by Sharia or permissible?

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

The fundamental principle concerning partnerships is that partners undertake their usual responsibilities. However, they are permitted to agree upon delegating management and decision-making to one of them, or to make some decisions collective while granting the manager a greater advantage. The basis of a partnership is agency (), as each partner acts as an agent for the other, and this applies to all contractual partnerships. Therefore, the method of managing the aforementioned company is permissible in Islamic law.

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
66270
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