Mufti Online — Madrasah Ta'leemuddeen

Transfer costs if one partner leaves the partnership

· 19 Dhuʻl-Qiʻdah 1447 AH1 min readEnglish

Question

I am involved in a trust investment between 4 people. After a few years in this investment, I have decided to retract my investment interests in the trust fund. My pulling out has some name transfer costs. Who has to pay for the costs, will it be entirely on me or split between all involved?

Answer

You will have to bear the costs.

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

Answered by
Mufti Ebrahim Salejee (Isipingo Beach)
View original Compare with other Darul Iftas
Questions about this ruling, answered only from the archive with sources.

Where scholars differ, it’s safer to take the more cautious view.

Fatawa SA is an independent, read-only index of fatawa already published by Mufti Online — Madrasah Ta'leemuddeen. It is not a fatwa service. For your own situation, please ask a Mufti. Report an issue

For corrections or mistakes, please email us at fatawasa786@gmail.com.

Source: Mufti Online — Madrasah Ta'leemuddeen — https://muftionline.co.za/node/36683
Fatawa SA: https://fatawa.co.za/fatwa/muftionline-36683

People also ask

How should profit and loss be shared in a partnership?

“The arrangement in the queried scenario is not permissible. In a partnership, the expenses are first settled from the income accrued. The nett profit will then be divided between the two partners on a 50/50 basis, since they…”

Ibn Masood · 132 fatawa from 7 Darul Iftas on this

What the Darul Iftas say

Related fatawa