Back to search
The question

Is it considered an injustice to reinvest a partner's money in another property to reduce the expected profits, in avoidance of potential tax problems, despite the original intention of the partnership being for a different property?

Share this answer

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

It is not permissible to stipulate that one of the partners will not incur a loss or to guarantee their capital. Rather, the loss is proportionate to each partner's capital; otherwise, the partnership becomes invalid. A partner is liable for any damage or loss to their partner's capital if it was due to their transgression or negligence. It is not permissible to expel a partner without their knowledge or to sell the apartment to a third party. Furthermore, an agent is not permitted to sell the entrusted item to themselves without the permission of their principal. Transactions between partners must be based on honesty and and truthfulness.

Summarized from the full answer at Ftawy · imported

Read the full answer on Ftawy
Where this answer came from
Source platform
Ftawy
Original fatwa ID
17122
Imported
Translation status
Source text, unreviewed
Read the full ruling
Read the full answer on Ftawy