ANSWER:

If you agreed to 15% share of the profit, this is fine but you will lose your share in the capital equal to his share if there are losses as you both entered with 50/50

However, if the business shuts down, we must look into what remained from the capital and you and him will get equal share to whatever is left.

You can’t simply take 25% of the capital and leave without knowing whether there is less remaining or more. 

QUESTION: Sheik I have invested in my brother-in-law’s restaurant business, the total capital is 8lakhs and we shared 4lakhs each, he alone runs the business and i am sharing profit and loss with him on daily basis on my share of 15%, if the business shuts down and if there is a loss i will lose 50% of my capital. If inbetween I come out or if he sends me out of the business i will get my capital. Halal?

Islamic economy |