Q: I want to start the business with my friend. We live in India. I want to have clarification with following points
1. Can I start a business by taking loan based on interest?
2. If above thing is not possible then is it OK if my partners take loan and I restrain from it?
3. Is it ok if I work in their (my partners firm) which takes loans and take my share of profit as employee?
I wanted to have clarification because in any way the firm in which I am working currently has taken loan from banks for its functioning.
2,3. Both are wrong.
4. The operation is corrupt. However, the wage is permissible for you. Rather look for a place that is more careful in this regard.
And Allah Ta’ala (الله تعالى) knows best.
Mufti Ebrahim Salejee (Isipingo Beach)