IslamQA

Dissolving a Partnership

Answered according to Hanafi Fiqh by Muftionline.co.za

Q: My brother and I started a shop together 10 years ago. Everything has been done equally so far. If we now want to separate the partnership, can one brother buy the other brothers share by paying him 50% the amount of stock and fixtures and fittings? Please advise as to how this should be carried out.

Bismillaah

A: Yes, if he is willing to sell his share.

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

 

Answered by:

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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