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What is the ruling if he sells a company which owes money to others?

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Publication : 03-03-2002

Views : 3631

Question

What is the position on debts which are owed by a company when it is sold?

Answer

Praise be to Allah.

The debts are not included in the sale contract, and they are still owed by the original borrowers.

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Source: Shaykh Ibn Jibreen