Asslam/kum janab my question is: i m running a sociti{Muslim fund} last two year n i m paying its expence myself but now i m anable to bear its i want know can i start the work (i have mortage the jwellry of people and give him mony taking some facility charge than i could bear its expence if i will earned profit,i wud expence on poor person wt it wud be haram? {i will take charge 1% or 1.5% allthough market rate is 5to 10% many our muslim brother is taking from other palece in compelson i want help him plz sure give my answer zajahakllah
Answer:
(Fatwa: 1777/1332/D=1431)
What work do you want to start, write it in detail?
Taking 1 or 1.5 % profit will also be counted interest. You can take the reasonable charge of recording the dealing of debt.
Allah (Subhana Wa Ta’ala) knows Best
Darul Ifta,
Darul Uloom Deoband