Selling one’s share of a business at a higher price

Answered by 

Shaykh Ebrahim Salejee

Q: I own a 50 % share in a barbershop business and my partner wants to buy my share out. My portion cost me R30 000 18 months ago when we started the business. I earn between R5 000 and R6 000 profits per month for my portion. I would like to know that if I agree to sell my share will I be able to ask for a higher price than what I originally invested. I was looking to ask for R75 000 as I am earning well monthly from my dividend.

Bismillaah

A: Yes.

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

Answered by:

Mufti Ebrahim Salejee (Isipingo Beach)


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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.

Tags: business

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