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The question

Would what I did, leaving the loss amount to my partners after exiting the partnership by mutual consent, be considered a violation of Islamic law and a breach of covenant?

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

Praise be to Allah, and prayers and peace be upon the Messenger of Allah, and upon his family and companions. To proceed:

The majority of scholars are of the opinion that a partnership contract is a permissible contract and not a binding one. Therefore, a partner has the right to dissolve the partnership. Consequently, your withdrawal from the partnership is not contrary to Islamic law, and your leaving your share of the insurance amount to your partners is permissible and there is no blame in it.

And Allah knows best.

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
185801
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