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The question

Is it permissible to make a partnership or shareholding contract that obliges shareholders to contribute a certain percentage of the profit to a specific charitable cause?

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Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 20261 min readAlso available in العربية
The answer

The question presents two scenarios:

The first scenario: The condition is stipulated before the contract, which is permissible. The contracting parties have agreed to give a portion of the profit to a third party as a donation from them, and they are qualified to make such a donation. This is the view of the Maliki school.

The second scenario: Informing the partner of the obligation to donate after the contract has been concluded. This is impermissible unless with their consent, due to the Almighty's saying: ﴿O YOU WHO HAVE BELIEVED, DO NOT CONSUME ONE ANOTHER’S WEALTH UNJUSTLY BUT ONLY [IN LAWFUL] TRADE BY MUTUAL CONSENT FROM YOU﴾.

Summarized from the full answer at Ftawy · imported

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Where this answer came from
Source platform
Ftawy
Original fatwa ID
29614
Imported
Translation status
Source text, unreviewed
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