Is it permissible to convert a private school project into a joint-stock company by dividing it into shares and selling them to shareholders, and what are the regulations for evaluating the share price, with the addition of an amount for obtaining the license and foundational follow-up, and is it permissible to stipulate in the contract a fixed percentage for the founder from the net profits?

It is permissible to divide the project into equal shares, with an additional percentage to cover issuance expenses. However, Sharia prohibitions must be avoided, such as the impermissibility of the work field, issuing interest-bearing bonds, or preferred shares. It is permissible to set a fixed percentage of the profits for the founder in exchange for managing the company. However, if it is merely for offering shares for public subscription, then this is not permissible.