7686
7
23 / 06 / 2026
Guaranteeing the Investor's Money in Partnership
A person partnered with another by contributing a sum of money to trade together, with profits shared equally, meaning one provided the capital while the other handled the trading activities such as buying, selling, and accounting. However, the latter lost the entire amount in trade due to a fraud incident that occurred six years ago and has not been able to repay it until now due to numerous debts that accumulated as a result. The amount he borrowed was in Egyptian pounds because he was trading between Egypt and Jordan, and of course, the value of the Egyptian pound has decreased during this period. The money owner demands that he returns the amount in US dollars and also insists on repaying the full amount, not acknowledging that he is a partner in the loss, knowing that the amount was 70,000 Egyptian pounds. What should he do? Should he repay the full amount to his partner? Or should the money owner bear half the loss? Should he repay the amount in dollars or in Egyptian pounds? What should be done if the value of the Egyptian pound has decreased currently?
Answer
I say, and with God's help: The scenario you mentioned is a speculative company, where the money comes from one party and the work from another. In this scenario, the money is a trust in the hands of the speculator, and he does not guarantee anything if a loss occurs. The owner of the money bears the loss again, so you are not obligated to pay anything to the owner of the money. And God knows best.
