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If somebody entrusts you with some money, for example ?1000. they have not borrowed the money to you but have just given it to you for safe keeping. Can I Invest that money in Halal finance, and benefit from the profits? Or does the money earned through profit have to be given to the rightful owner?

Answered according to Hanafi Fiqh by Darulifta-Deoband.com
If somebody entrusts you with some money, for example ?1000. they have not borrowed the money to you but have just given it to you for safe keeping. Can I Invest that money in Halal finance, and benefit from the profits? Or does the money earned through profit have to be given to the rightful owner? Can you please advise!

Answer

[Fatwa: 172/J=172/J]

You cannot invest the money that is entrusted to you. The duty of trustee is to safeguard the money. However, If anyone invests it anywhere and gains some profit, then he has to return all amount (capital and profit both) to the original ownwer.

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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