Darul Iftaa Mahmudiyyah

Auction Business

· 16 Shaʻban 1436 AH1 min readFatwa 33208English

Question

I have investment with my cousin brother. Who do auction business And he give me fixed profit every three month or six month And i have seen him buying old car for that. It is halal pls reply salam

Answer

In the Name of Allah, the Most Gracious, the Most Merciful.

As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.

Your query is not clear. In order for us issue a ruling we require more details on your investment and partnership. You may forward your contract and details to admin@daruliftaa.net.

And Allah Ta’āla Knows Best

Ismail Dawoodjee

Student Darul Iftaa
Zambia

Checked and Approved by,
Mufti Ebrahim Desai.

www.daruliftaa.net

Answered by
Ismail Dawoodjee
Checked & approved by
Mufti Ebrahim Desai
View original Compare with other Darul Iftas
Questions about this ruling, answered only from the archive with sources.

Where scholars differ, it’s safer to take the more cautious view.

Fatawa SA is an independent, read-only index of fatawa already published by Darul Iftaa Mahmudiyyah. It is not a fatwa service. For your own situation, please ask a Mufti. Report an issue

For corrections or mistakes, please email us at fatawasa786@gmail.com.

Source: Darul Iftaa Mahmudiyyah — https://askimam.org/public/question_detail/33208
Fatawa SA: https://fatawa.co.za/fatwa/askimam-33208

Related fatawa