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?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
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
Read the full answer on Ftawyhttps://ftawy.com/en/questions/160864
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 160864
- Imported
- Translation status
- Source text, unreviewed
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