Mufti Online — Madrasah Ta'leemuddeen

Sharing the profits and losses

· 12 Rabiʻ II 1439 AH1 min readEnglish

Question

Person A gives person B £1000 to buy a car in order to sell. All the profit from the sale is split by person A and B. Person A will receive his £1000 back. After that if there is any left over money then it will be split between A and B. Is this permissible?

Answer

It is permissible provided he is prepared to accept a loss as well in the event of there being a loss.

And Allah Ta'ala (الله تعالى) knows best.

Answered by
Mufti Ebrahim Salejee (Isipingo Beach)
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Source: Mufti Online — Madrasah Ta'leemuddeen — https://muftionline.co.za/node/23852
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