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

**Toscoropreark** · 08-06-2012, 06:30 AM

Majority of charities in the UK including those Muslim owned such as MUSLIM AID, ISLAM HELP ect are also corporations by limited liability

however I think it all depends on how they structured their Memorandum and Articles of Association so you cant have a blanket rule on all as haram

just a thought

Even if Muslims Corporations are LL that does not indicate it's permissibility. But your last point is important. Being a charity, it is possible the rules are a little different and thus are structured differently. Charities can be Trusts, in which case from what I know that is completely fine. As regards to being LL though, allahu a'lam, all I know is the LL of charities is not the same as the LL of other corporations, therefore I couldn't even begin to comment on them and even if I did it wouldn't mean anything as my opinion doesn't really count as I am not qualified.

08-06-2012, 06:30 AM	#34
Toscoropreark Join Date Oct 2005 Posts 474 Senior Member	Majority of charities in the UK including those Muslim owned such as MUSLIM AID, ISLAM HELP ect are also corporations by limited liability however I think it all depends on how they structured their Memorandum and Articles of Association so you cant have a blanket rule on all as haram just a thought Even if Muslims Corporations are LL that does not indicate it's permissibility. But your last point is important. Being a charity, it is possible the rules are a little different and thus are structured differently. Charities can be Trusts, in which case from what I know that is completely fine. As regards to being LL though, allahu a'lam, all I know is the LL of charities is not the same as the LL of other corporations, therefore I couldn't even begin to comment on them and even if I did it wouldn't mean anything as my opinion doesn't really count as I am not qualified.
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