A Form of Sharikat al-ʿInan

Question

If several people jointly carry on some trade by way of sharikat al-ʿinan (a partnership in which each contributes his own share of capital), and also settle by mutual consent that each partner’s personal expenses — for example food, clothing, medical treatment and so on — will be met from the profit of this joint trade, whether someone’s personal expenses are more or less, and the profit remaining after the personal expenses will be divided among the partners according to the fixed shares, then is this form of…

Answer

This method is wrong: there is uncertainty (jahala) in it which will lead to dispute, therefore it is not valid.

Source: Fatawa Mahmudiyya

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