تصفح برقم المجلد > Group 1 > Volume 14: Transactions 2 > Chapter on partnership > Lending one's name to a company in return for a percentage of the profit

Lending one's name to a company in return for a percentage of the profit

The first and second questions of Fatwa no. 12844
Q 1, 2: A sister has a textile workshop and she wants to register it in my name as I bring her the workers, finish some papers and some other relevant transactions. In return for this I take a percentage of the workshop's profit. Is this permissible? A brother would also like to establish an office for renting Limousines and wants to register it in my name, while he and his co-workers will do all the business. Is it permissible for me to take a percentage of the profit in return for registering the office in my name?
(Part No. 14; Page No. 393)
A: It is impermissible to open the textile workshop or the Limousine rental office in your name in return for a percentage of the profit, for this is cheating, gaining illegal money and disobeying the ruler's command. May Allah grant us success. May peace and blessings be upon our Prophet Muhammad, his family, and Companions.

The Permanent Committee for Scholarly Research and Ifta'

Member Deputy Chairman Chairman
`Abdullah ibn Ghudayyan `Abdul-Razzaq `Afify `Abdul-`Aziz ibn `Abdullah ibn Baz



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