The ruling on a debtor bringing a partner into his business for the creditor
Machine translationRead the Arabic original
Question:
The questioner says: Shaykh, I borrowed a sum of money from a person, agreeing to repay him after one year, but I was unable to do so. He asked me to make him a partner with me in my business, so I did, and the profit is to be shared between us. What is the ruling?
Answer:
There is nothing wrong with that, provided you have agreed to this arrangement. It is permissible to consider the debt in your possession as part of the company's capital, and the profit is distributed according to the terms you agreed upon. Yes.
The questioner says: Shaykh, I borrowed a sum of money from a person, agreeing to repay him after one year, but I was unable to do so. He asked me to make him a partner with me in my business, so I did, and the profit is to be shared between us. What is the ruling?
Answer:
There is nothing wrong with that, provided you have agreed to this arrangement. It is permissible to consider the debt in your possession as part of the company's capital, and the profit is distributed according to the terms you agreed upon. Yes.
Source
قناة «العلامة الدكتور صالح الفوزان»، 2075 - حكم إدخال صاحب الدين شريكا للدائن في تجارته - الشيخ صالح الفوزان — youtube.com
The Arabic text is a machine transcription of the audio recording.