Fixing a period for the partnership agreement

Nov 4, 2021 | Partnerships

Question:-

Is it permissible for the partners in a partnership agreement to fix a particular period after which the partnership agreement will cease?

 

 

 Answer:-

Yes, it is permissible for the partners to stipulate a particular period for the partnership such as 2 years or 3 years.

 References:- Raddul Muhtaar Pg.312 Vol.4

ALLAH TA’ALA KNOWS BEST!

ANSWERED BY:-

Mufti Mohammed Desai

Date:- 28 Rabi-ul-Awwal 1443 / 04 November 2021

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