Is it permissible to relinquish ownership of a company in exchange for a sum of money, or to relinquish sponsorship of each worker in exchange for a sum of money for transfer of sponsorship, knowing that the owners of the companies are the ones who pay this amount?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
There is no objection to selling the establishment and assigning it for compensation. The workers will fall under its sponsorship, and unused visas will be included as part of the compensation. It is obligatory to observe laws that are in conformity with rulings. Sheikh Abdullah Sulaiman Al-Majid permitted the sale of contracting establishments that include workers, visas, and trade names.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/153109
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 153109
- 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.
- Read the full ruling
- Read the full answer on Ftawy