Power and rights of partners in Musharakah:

After entering in to Musharakah contract, partners have the following rights,
1-     The rights to sell the mutually owned property since all partners are representing each other in shirkah and all have right to buy and sell for business purposes.
2-     The right to buy raw material or other stock on cash or credit using funds belonging to shirkah to put into business.
3-     The right to hire people to carry out business if needed.
4-     The right to use shirkah,s fund or goods in Mudarabah.
5-     The right of giving shirkah,s funds as hiba (gift) or loan.
If one partner for purpose of investing in the business has taken a Qard-e- Hasan, then paying it becomes liable on both.
Nadeem Khan Khattak

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