Q: We are in a partnership with 2 non-Muslim parties. Shareholdings is 30 %/ 40% /30% . Initially the profit was to be divided as per this ratio when the job was completed. IT has now emerged that doing the actual work will require additional time and management. This can be sourced either from an outside consultant or can be done by one of the shareholding parties.
The other 2 parties are happy to appoint the 3rd party to do the work for an extra fee, instead of paying an outsider to do the work and also risking confidential information leaking out.
Islamically is there a problem with this agreement?
A: It is permissible.
And Allah Ta’ala (الله تعالى) knows best.
Answered by:
Mufti Ebrahim Salejee (Isipingo Beach)