Mufti Online — Madrasah Ta'leemuddeen

Getting a fixed return from an investment

· 14 Safar 1440 AH1 min readEnglish

Question

I give $5000 to a person in pakistan for investment. He told me that he will give me monthly $300/month on the top of that money. The condition is that the amount on top of $5000 can be $300 or more or less depending upon the business sales.

The second condition is that the owner told me that I can't give you guarantee for $5000 as incase if theres a loss then he will not be responsible for the loss.

My question is, is the $300/monthly return on the $5000 halal or haram?

Answer

We do not understand the nature of the partnership. If it is 5000 as an investment in a partnership then there is no question of getting back the exact amount. The returns of the investments are subject to fluctuation.

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/27030
Fatawa SA: https://fatawa.co.za/fatwa/muftionline-27030

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