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Does the mere provision of funds or receipt of investment returns constitute sufficient evidence to prove a partnership in a commercial entity that requires statutory and Sharia conditions for its formation?

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The mere provision of funds or receipt of investment returns does not constitute sufficient evidence to prove a partnership in a commercial entity. Rather, it requires the fulfillment of the Sharia and statutory conditions and pillars for the formation of the partnership, including the existence of a written contract, the...

The mere provision of funds or receipt of investment returns does not constitute sufficient evidence to prove a partnership in a commercial entity. Rather, it requires the fulfillment of the Sharia and statutory conditions and pillars for the formation of the partnership, including the existence of a written contract, the consent of all partners, and the approval of the competent authorities.
Source: Radiif.com (رديف) · Saudi Legal AI Platform

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