They joined together to pool funds to purchase land for trade, and one of them offered a piece of land he owned, and they bought it from him
Machine translationRead the Arabic original
Q1: If there are (5) people who have partnered in buying land, and the method of partnership is that each one of them pays (20) thousand riyals, making the total (100) thousand riyals so that they can purchase some land, and after they collected these funds, one of them wanted to sell them a piece of land he owned for (10) thousand riyals, and then they gave him the ten thousand as the value of his land from this shared fund among them, is this sale valid?
A1: The form of the sale you are asking about is valid in its appearance, because the land mentioned in the first question is owned by the seller, and he sold it to the partnership. The fact that the seller is one of the members of the buying partnership has no effect on the validity or invalidity of the sale.
A1: The form of the sale you are asking about is valid in its appearance, because the land mentioned in the first question is owned by the seller, and he sold it to the partnership. The fact that the seller is one of the members of the buying partnership has no effect on the validity or invalidity of the sale.
Source
www.alifta.gov.sa
The Arabic text is copied verbatim from the original source, without any edits.