DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - Corporations and Limited Liability not Shariah Compliant

**creewespock** · 08-05-2012, 11:12 PM

[QUOTE=تفويض;801591]

Jazakallah for taking the time to type out an answer and a good summary.

I was always disheartened with the allowance given in this and I am pleased that they have changed their view on this. Limited liability and the legal personality of the corporation are un-islamic. I did read some of the write up and concluded after a few pages that they were saying limited liability is not Islamic because no one is responsible to the creditors except 'a company' which is not a real person!

08-05-2012, 11:12 PM	#24
creewespock Join Date Oct 2005 Posts 517 Senior Member	[QUOTE=تفويض;801591] Jazakallah for taking the time to type out an answer and a good summary. I was always disheartened with the allowance given in this and I am pleased that they have changed their view on this. Limited liability and the legal personality of the corporation are un-islamic. I did read some of the write up and concluded after a few pages that they were saying limited liability is not Islamic because no one is responsible to the creditors except 'a company' which is not a real person!
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