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Is it permissible to borrow money to invest in land and pay profit back to the lender within three months?

Answered as per Hanafi Fiqh by Darulifta-Deoband.com
I am borrowing Rs 100000 from a person to invest in a land and after selling it I will give Rs 5-6 thousand as profit to that person within a period of three months. Is it allowable?

Answer

(Fatwa: 1173/757/H=1433)

It is not allowed as it is interest which is haram.

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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