Partnership: Legitimacy of Receiving Land in Place of Investment Capital and Profits

Practical Laws of Islam as per the teachings of Imam Khamenei

Partnership: Legitimacy of Receiving Land in Place of Investment Capital and Profits

English:

Question #1678:

I contributed to the capital of a company and appointed the owner of the company as my agent in so far as the investment is concerned provided that he pays me a fixed monthly sum of money. A year later, I settled for a plot of land he gave me in return for the money I put into the company and the profits thereof. Is this shar‘ī?

Answer #1678:

As you invested in the company and authorised him to deal with it, there is no objection to receiving ḥalāl proceeds.

-Imam Khamenei, Practical Laws of Islam, Importance and Conditions of Partnership