If the first Mudarib handed over the capital over to a second party without permission, is he liable for the amount? |
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Question 1152) - If the first Mudarib handed over the capital over to a second party without permission, is he liable for the amount?
A: He is not liable by the mere contract with the second Mudarib or by the second's transacting with the money. He is liable once the second Mudarib earns a profit to pay the money to the capital contributor.*
* Once the capital-contributor makes the first Mudarib responsible, the contract with the second is validated and the profits will be divided as what the two agreed upon.
~ al-Quduri ~
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