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Sharing losses in a partnership

Answered according to Hanafi Fiqh by Muftionline.co.za

Q: One Christian man invested in my business but unfortunately the business suffered a loss and I was in debt of 1 crore. This Christian man told me to give him interest every month and he put pressure on me and my family. What can I do according to shariah?

Bismillaah

A: In a partnership, all the partners share in the loss and gain proportionately.

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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