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The question

Am I entitled to demand a percentage of the company or a sum of money in exchange for relinquishing it, should I be removed from it, given that I assigned my trade name to them for a symbolic amount?

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Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 20261 min readAlso available in العربية
The answer

Summary of the Answer: If the questioner's role in the institution is limited to using their name or identity to complete official paperwork and sponsor foreigners, then they have no right to a share in the company or to claim sums of money; this is because sponsorship is a contract of donation and not an exchange, unless they expended effort or money, in which case they are entitled to their expenses and a wage for their work. If they expended effort in establishing or expanding the company, they are entitled to a wage for their effort. Issues of dispute and contention are decided by the judge.

Summarized from the full answer at Ftawy · imported

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Where this answer came from
Source platform
Ftawy
Original fatwa ID
160864
Imported
Translation status
Source text, unreviewed
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