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The question

Is it permissible for an employee to purchase equipment for his company from a company in which he is a founding partner?

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

An agent is not permitted to purchase for his principal a commodity that he himself owns or partially owns. This is because it contradicts the purpose of obtaining a lower price for the principal, and because the fundamental principle is that the offeror and acceptor cannot be the same person.

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
70609
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