|
Ref: tij005/08 February 2008 Q: I intend franchising my business. Can I ask for a franchise fee and is it permissible to collect royalty on turnover. A: According to our research leasing out of registered intellectual property is permissible. Hence, you may charge a fee for leasing out your franchise name. Charging royalty on turnover is acceptable provided it is capped by a fixed figure. Mufti Shafiq Jakhura Iftaa Department, Darul Ihsan Islamic Services Centre I concur with the answer: Mufti Zubair Bayat Ameer, Darul Ihsan Islamic Services Centre
|