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.