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When Good Or Service Contributed Is Unrelated To Business
For a partner to form a valid partnership, the commodity he brings has to be directly related to the direct affairs of the business. Three partners bring $1,000 each to set up a medical dispensary. A fourth partner agr...
 
Third-Party Ownership Of Misappropriated Goods
Third parties (i.e. non-thief and non-owner) who acquire the stolen property, whether by purchase, loan, endowment, gift, inheritance, bequest, or other means, are ob...
 
Home Financing Through Diminishing Musharakah
Two partners, one a client and the other a financier, buy a home for $100,000. The client makes a deposit of $10,000 and lives in the home, while the financier invests $90,000. We assume that the two agree to the client paying a monthly rent as a percentage of the financier’s share. It is also agreed that every...
 
Liability of Musharakah Expenses
It is not permissible to make one of the partners liable for the expenses of the Musharakah. Such ...
 
Guarantee In Musharakah
Each partner in a Musharakah has the right to make use of the collective funds of the Musharakah in a way that is of benefit to partners. Therefore, in general, no partner may be held liable for any loss that accrues from a transaction that partner entered into, unless it is established that the partner acted with negligence or committed fraud. ...
 
Right Of Heirs Of Deceased Partner To Continue Partnership
Yes. The heirs of the deceased are entitled to remain partners in the Musharakah if they decide not to liquidate ...
 
Property Bought Under Musharakah Registered In Name Of Partner
It is permissible to register such a property in the name of one of the partners to t...
 
Insurance Of Property Bought Under Musharakah
Insurance is the responsibility of both partners and it will not be permissible to make one of the partners liable to bear insurance premiums...
 
Registration Expenses Of Property Bought Under Musharakah
It is permissible to make such a partner liable to bear registration charges and other ancillar...
 
Deposit Of Bank's Investment In Musharakah
It is necessary for a valid Musharakah that all partners d...
 
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