Friday 21 Jumada al-ula 1446 - 22 November 2024
English

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

20933

Publication : 03-03-2002

Views : 3957

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.

Was this answer helpful?

Source: Shaykh Ibn Jibreen