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Auction Business

Answered as per Hanafi Fiqh by Askimam.org

 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


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

Checked and Approved by,
Mufti Ebrahim Desai.


This answer was collected from Askimam.org, which is operated under the supervision of Mufti Ebrahim Desai from South Africa.

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