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Purchasing new machinery from the wealth of the partnership

Answered according to Hanafi Fiqh by Muftionline.co.za

Q: In a manufacturing partnership were profit sharing ratio is different from the capital ratios, what is the ruling when new machinery is acquired?

Purchasing new machinery from the wealth of the partnership

Q: If the new machinery is purchased from the wealth of the partnership, then the new machinery will be owned by the partners in accordance to their capital investment.

And Allah Ta’ala (الله تعالى) knows best.

 

Answered by:

Mufti Zakaria Makada

Checked & Approved:

Mufti Ebrahim Salejee (Isipingo Beach)

This answer was collected from MuftiOnline.co.za, where the questions have been answered by Mufti Zakaria Makada (Hafizahullah), who is currently a senior lecturer in the science of Hadith and Fiqh at Madrasah Ta’leemuddeen, Isipingo Beach, South Africa.

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