Another large group distinguishes a joint-stock company from a small partnership. Company policy is decided by majority vote, and an individual shareholder may object yet still be overruled.
Therefore, every management action cannot automatically be attributed personally to every shareholder. If the shareholder opposes the prohibited activity and does not keep the prohibited portion of income, this view allows a more qualified approach.
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Islamic Investment Funds: What Makes a Fund Shari‘ah-Compliant?
Another large group distinguishes a joint-stock company from a small partnership. Company policy is decided by majority vote, and an individual shareholder may object yet still be overruled.
Therefore, every management action cannot automatically be attributed personally to every shareholder. If the shareholder opposes the prohibited activity and does not keep the prohibited portion of income, this view allows a more qualified approach.