We give him 5 crores in cash; he will give us same amount in cheque through bank. But since he is giving us only entry, he is asking for a commission or muahfza @.05% per month until I repay this amount through cheque.
Eventually I will return his entry amount and he will return my cash amount then. Till then I will keep on paying muhafza on written down value. Moral of the story is liya diya in practical kuch nahi bas entry ka commission diya. Can I take such entry and give him muhafza for the same?
بسم الله الرحمن الرحيم
In the above mentioned case, the person who has white money if he has not done any kind of dealing with you in the business like partnership or muzaribah and he only shall give you the required amount from the bank through cheque which you shall return after a period through cheque, then it is dealing him with the condition of 5% commission on it per month is interest. You should avoid taking such types of entry and giving commission on it.
Allah knows Best!
Darul Uloom Deoband