Investments
Question
I had given money to a builder for investment purpose in his project he will invest money in his projects and distribute profit among investor on percentage wise. Is it permissible to invest like this?
Answer
In any investment the investors have to share equally in the profits and losses.
And Allah Ta'ala (الله تعالى) knows best.
- Answered by
- Mufti Ebrahim Salejee (Isipingo Beach)
Where scholars differ, it’s safer to take the more cautious view.
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Source: Mufti Online — Madrasah Ta'leemuddeen — https://muftionline.co.za/node/15600
Fatawa SA: https://fatawa.co.za/fatwa/muftionline-15600
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