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Selling A Share In A Partnership Without Informing The Partner

Question

Can one partner sell his share in a business without the consent of the other partner?

Answer

In principle, it is permissible for one partner to sell his share without the consent of the other partner. However in the case where two or more people mix their wealth (like in the case where they mix a their wheat into one bag) and become partners in it, it will not be permissible for one partner to sell his share without the consent of the other partner.

Checked and Approved By:

Mufti Muhammed Saeed Motara Saheb D.B.

References

مادة ١٠٨٨ أحد الشريكين إن شاء باع ١٢٠ حصته من شريكه وإن شاء باعها من أجنبي بدون أذن شريكه راجع مادة ٢١٥ لكن فى صور خلط الأموال واختلاطها التي بيناها في الفصل الأول لا يسوغ لأحد الشريكين في الأموال المخلوطة أو المختلطة أن يبيع حصته لآخر بدون إذن شريكه أنظر المادة ٢١٥٩ (المجلة) 

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Darul Ifta - Darul Uloom Azaadville - Madrasah Arabia Islamia