Silent Partnership: Breach of Trust in Unauthorised Use of Partnership Funds
Practical Laws of Islam as per the teachings of Imam Khamenei
Silent Partnership: Breach of Trust in Unauthorised Use of Partnership Funds
English:
Question #1895:
A worker who was entrusted with the money of several people by way of investment in a silent partnership lent a sum of money, either from the pooled funds or from that which belongs to a particular person, without the permission of the owner/s. Can he be considered un-trustworthy by virtue of having an unwarranted free hand in the money at his disposal?
Answer #1895:
His trustworthiness can turn into dishonesty if he gave a loan to another person without the permission of the owner. He should then indemnify the loan, in case it is not repaid. However, he should still be considered trustworthy insofar as the rest of the funds are concerned; unless it is proved that he has acted unjustly.
-Imam Khamenei, Practical Laws of Islam, Importance and Conditions of Silent Partnership