What is my share from the sale of the jointly-owned taxi for 12,000 dinars? And do I have any other rights after the sale, given that I paid 2,000 dinars of the 10,000 dinar down payment, and the agreement stipulated that I receive 5% monthly from the car's income?
The mentioned transaction is an 'inan partnership, where each partner contributes a share to form the capital for trade. The profit is distributed according to the shares or the agreement, and it is not a condition for the shares in capital, profit, or work to be equal. The loss is borne proportionally to the ownership in the capital. The partners' possession of the company's funds is a trust (amanah), and each partner's actions are permissible in the customary manner. A partner may dissolve the partnership since it is a non-binding contract, and they may dispose of their share only. If the partnership continues, each partner has the right to manage its funds in the customary manner that does not harm the company's interest. However, actions outside the scope of trade or those detrimental to the company require the partner's permission.
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- Original fatwa ID
- 75741
- Imported
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