SHARIAH RULES FOR SUCCESSION PLANNING AND LEGACY IN FAMILY BUSINESS

خاندانی کاروبار میں جانشینی کی منصوبہ بندیاور اس سے متعلق وصیت ووراثت کےشرعی احکام

Authors

  • Muhammad Umer Farooq Research Scholar, Dept. of Qura'n O Sunnah, University of Karachi
  • Hafiz Muhammad Hussain Head of Islamic Studies, University of Lahore, Sargodha Campus.

Keywords:

Succession Planning, Family Business, Sharia Law.

Abstract

Family Business is a very important form of business in this era and especially because of this it merely does not matter the business, but more sensitivity is of close relatives and relationships. That is why it has many administrative, Shariah and ethical complications. That is why, this theme has been created as a field of discussion and research. The most important thing in the family business is to successfully move to the next generation. It is very important to successfully succeed in transferring business towards next family generation. The “Succession Planning” is very important for this purpose. We would like to describe this plan with brief detail in this article. Along with this, whatever is written by Shariah, it will also be mentioned. The most important point is that it should be documented when the business is transferring from one generation to another generation. In this article, you will be able to get special guidance on both aspects of topic: management and sharia law.

Published

2017-12-10

How to Cite

Farooq, M. U., & Hussain, H. M. . (2017). SHARIAH RULES FOR SUCCESSION PLANNING AND LEGACY IN FAMILY BUSINESS: خاندانی کاروبار میں جانشینی کی منصوبہ بندیاور اس سے متعلق وصیت ووراثت کےشرعی احکام. The International Research Journal of Usooluddin , 1(2), 12-23. Retrieved from https://journalusooluddin.com/index.php/irjdu/article/view/9