Home » Hanafi Fiqh » Muftionline.co.za » Selling a portion of one’s share in a partnership without the other partners permission
Q: Myself and my cousin own a joint business venture. Our ownership and profit sharing percentage is 50/50. Can I bring my son into the business by selling him 10% of my shareholding? Do I need my partner’s permission for this or not?
A: It is permissible.
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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