Darul Ifta Ibn Masood

Fixing a period for the partnership agreement

· 29 Rabiʻ I 1443 AH1 min readEnglish

Question

Is it permissible for the partners in a partnership agreement to fix a particular period after which the partnership agreement will cease?

Answer

Yes, it is permissible for the partners to stipulate a particular period for the partnership such as 2 years or 3 years.

References (Arabic / Urdu sources)

References:- Raddul Muhtaar Pg.312 Vol.4

Answered by
Mufti Mohammed Desai
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Source: Darul Ifta Ibn Masood — https://fataawa.co.za/fixing-a-period-for-the-partnership-agreement/
Fatawa SA: https://fatawa.co.za/fatwa/ibnmasood-13516

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