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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.
Muhammad Umer Farooq, Hafiz Muhammad Hussain. (2017) Shariah Rules For Succession Planning And Legacy In Family Business, The International Research Journal Department of Usooluddin, Volume-01, Issue-2.
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