Fatwa: # 43872
Category: Business Matters
Country: African Country
Date: 5th December 2019

Title

Can a businessman, selling his business, charge a Goodwill fee?

Question

Assalamualikum Warahmatullah

Maulana

Can a businessman if he is selling his business can he charge a Goodwill fee?

Example

Stock etc 2 million

Goodwill: 500000 rands

Client is ready to pay because the business has a good reputation?

I await your response

Salams

Answer

In the Name of Allah, the Most Gracious, the Most Merciful.

As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.

Goodwill is defined as an intangible asset relating to a company's business practices. Goodwill includes assets with value that are exceptionally difficult to quantify. Examples include brand recognition, customer loyalty, and employee happiness. Goodwill helps a company remain competitive in the long term, even if the company does not produce the best product.[1]

Goodwill does not have an independent intangible value. The value of goodwill is always attached to the assets of the business.

It is not permissible to charge a separate amount for goodwill apart from the assets of the business. However, the assets of the business may be inflated to incorporate the goodwill amount. [2]

It is incorrect to analogise goodwill on trademarks etc. The latter has independent monetary value and can be sold separately without the tangible items. This is not so in goodwill. A person will not sell the goodwill without assets. There will also be no buyers for such goodwill.

And Allah Ta’āla Knows Best

Hammad Ibn Ismail Jogiat

Student Darul Iftaa
Cambridge, Ontario, Canada

Checked and Approved by,
Mufti Ebrahim Desai.

________


[1] https://financial-dictionary.thefreedictionary.com/goodwill

https://www.investopedia.com/articles/investing/100614/goodwill-vs-other-intangible-assets-whats-difference.asp

https://www.investopedia.com/terms/g/goodwill.asp

 

 [2]  فتاوى محموديه (ج:16 ص: 178)

    گڈول كى شرعى حيثيت

 

امداد الاحكام (ج:3 ص:452)

کمپنی کو لمیٹڈ کرنا اور حقوق گڈول کی قیمت لگانا

 

الجواب

محض اس قانون کے مشہور ہونے سے قرضخواہوں کا حق عنداللہ ساقط نہ ہوگا اور حقوق گڈول کی تنہا قیمت کچھ نہیں۔ ہاں یہ درست ہے کہ حقوق گڈول کی وجہ سے مجموعی دوکان کی قیمت زیادہ شمار کی جائے مگر چونکہ تنہا یہ حقوق شرعًا قیمتی نہیں۔ اس لئے یہ جائز نہیں کہ ایک شریک کو صرف حقوق گڈول کی وجہ سے ایک لاکھ کا شریک مانا جائے بلکہ اس کی طرف تھوڑا بہت مال بھی ہو جس کی قیمت حقوق گڈول کی وجہ سے زیادہ شمار کی جائے اور یہ آخیر مسئلہ تتمیم فائدہ کے لئے لکھ دیا ہے۔ باقی سوال مقصود کا جواب جزو اوّل سے ہی ہوگیا۔ واللہ اعلم

الجواب صحیح حرّرہ الاحقر ظفراحمد عفی عنہ

اشرف علی عفی عنہ ۲۰؍محرم الحرام ۴۷ ؁ھ

۲۲؍محرم الحرام ۱۳۴۷؁ھ (امدادالاحکام:ج؍۳، ص؍۴۵۳ )

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