What is the ruling on establishing a company between two people, one of whom holds foreign nationality and has no share of the profit, but for the sake of
Machine translationRead the Arabic original
Question:
Honorable Shaykh, may Allah grant you success. He says: Two people want to establish a company and will be partners, but in reality, one of them will own this company because he is the one who will invest with his money, take all the profits, and bear all the losses. As for the second, he is only needed for his nationality, as the company is registered as a mixed-nationality company, and there is benefit and profit for the company in this. Is this permissible?
Answer:
This is not permissible because this is contrary to the system. This is what they call taster (concealment). This is not permissible. Yes.
Honorable Shaykh, may Allah grant you success. He says: Two people want to establish a company and will be partners, but in reality, one of them will own this company because he is the one who will invest with his money, take all the profits, and bear all the losses. As for the second, he is only needed for his nationality, as the company is registered as a mixed-nationality company, and there is benefit and profit for the company in this. Is this permissible?
Answer:
This is not permissible because this is contrary to the system. This is what they call taster (concealment). This is not permissible. Yes.
Source
قناة «العلامة الدكتور صالح الفوزان»، [336 -582]ماحكم افتتاح شركة بين شخصين أحدهما يحمل الجنسية الأجنبية ليس له شيء من الربح ولكن من أجل.. — youtube.com
The Arabic text is a machine transcription of the audio recording.
