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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: FtawySummarized from the full answer at Ftawy · imported 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.

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Source platform
Ftawy
Original fatwa ID
137012
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Source text, unreviewed
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