Q: We buy some property. One partner only gives 10 lacs while others give 50 lacs. Before selling the property we say to 10 lac partner that we will give you 20000. After selling the property we give him 20000 to him. We fixed the amount before selling the property. Is it halaal or sood?
However, if the property was bought with the intention of resale, then since this is a business partnership, each partner will receive from the profits according to the mutual agreement of the partnership. Example, if it is agreed that the partner who invested 10% capital of the building should receive 20%, it will be permissible with mutual agreement if all the partners are active in the partnership. In this case, if there was no mutual agreement regarding the percentage of profit sharing, then each partner will receive profits according to his capital investment.
And Allah Ta’ala (الله تعالى) knows best.
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.