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The question

What is the ruling on a partnership company where each partner is obligated to pay all of the company's debts from his private funds, and no partner can assign his rights without the permission of the others, and which dissolves upon the death or bankruptcy of one of the partners, and does not allow for the expansion of the project?

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

Most contemporary scholars have gone to the permissibility of the solidarity company (tadhamun company), which is one of the modern types of companies based on the partners' individuals, where they are personally and jointly liable with all their private assets before the creditors. The general principle for companies is permissibility, unless they include forbidden elements or শরী‘আ-prohibitions.

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
137012
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