Fatwa #631320 August 2002South Africa

are we allowed to pay goodwill when purchasing a business.

Answer

In principle, goodwill is not permissible. However, the alternative is to
set a higher value price to the commodities of the business.

and Allah Ta'ala Knows Best

Mufti Ebrahim Desai

#43872Can a businessman, selling his business, charge a Goodwill fee?
#19373If My father closes his business and does not pay the loans/debts which he took and inform everyone that he lost everything, as a son, am I obliged to pay off his loans/debts?
#6973Are Muslims allowed to operate and own businesses, if interest is needed to get them up and running (and almost all businesses need interest to start off unless the business is paid for in cash).
#6103A builder friend of mine told me that people are benefiting from him as they put their money in his business and he pay them fix rate of 2percent per month
#13604I know that is not permissible to charge Goodwill when selling a business. Is it true that you may inflate the price?
#56973 q's on son and misc - I heard from a Pakistani business women that bibi khadija was a successful business woman. Does that mean that women are allowed to do business?
#27434In car business, to change mileage and year and cheat customer?? To pay VAT & taxes less? Company provide car bought on lease?
#13311working in Auction business or buying from auction permissible? beting Allowed in Islam

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