Q: A friend and I want to sell cars together. He has the experience in buying and I have the cash. This is how we wish to work.
1. He will find me the right car that is worth buying to resell.
2. I must buy the car myself with my money.
3. He will find me buyers.
4. I must sell the car myself to the buyer.
5. He (my friend) will get a cut from the profit of the sale.
Is this way of dealing correct? He will not put money in, but will basically do the work of finding the supply and buyers. I must do all transactions, If I loose for some reason he will not share the loss. He will only take a share in the profit of a winning deal.
A: If it is done like a commission then it is permissible.
And Allah Ta’ala (الله تعالى) knows best.
Answered by:
Mufti Ebrahim Salejee (Isipingo Beach)