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