sharing profits

Answered according to Hanafi Fiqh by Darulifta-Deoband.com
I have a friend he asked me to lend him 120000 Rs for buying a used car he told me he would sell it to other guy and the profit he would receive in selling that he would also give me a share of profit amounting to Rs 15000. Now he has bought the car and he likes the car now he doesn’t want to sell it he wants to keep it for himself. There are still buyers for it. Now should I receive the profit amount that he promised me to? Will it be halal or haram?

بسم الله الرحمن الرحيم

(Fatwa: 1523/1333/L=12/1439)


Apparently, it is not the deal of shirkah (partnership) rather it is to derive benefit by giving loan and it is not lawful; hence it shall not be lawful for you to take fifteen thousand extra.

كل قرض جر منفعة فهو ربا (مصنف بن أبي شيبه، رقم: 20690)


[Translation: Every debt that yields profits, is a usury.]

Allah knows Best!

Darul Ifta,
Darul Uloom Deoband

This answer was collected from the official ifta website of Darul Uloom Deoband in India.