Home » Hanafi Fiqh » Darulifta-Deoband.com » Is investing in a firm that conducts halal business permissible in Islam?
Answer
(Fatwa: 1315/1004=H/1429)
Fixed amount is interest which is haram.
If you and the firm have agreed upon some amount of profit, then you should write it clearly.
Allah (Subhana Wa Ta’ala) knows Best
Darul Ifta,
Darul Uloom Deoband
This answer was collected from the official ifta website of Darul Uloom Deoband in India.
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