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Sharing the profits and losses

Answered as per Hanafi Fiqh by Muftionline.co.za

Q: Person A gives person B £1000 to buy a car in order to sell. All the profit from the sale is split by person A and B. Person A will receive his £1000 back. After that if there is any left over money then it will be split between A and B. Is this permissible?

Bismillaah

A: It is permissible provided he is prepared to accept a loss as well in the event of there being a loss.

And Allah Ta’ala (الله تعالى) knows best.

Answered by:

Mufti Ebrahim Salejee (Isipingo Beach)


Original Source Link

This answer was collected from MuftiOnline.co.za, where the questions have been answered by Mufti Zakaria Makada (Hafizahullah), who is currently a senior lecturer in the science of Hadith and Fiqh at Madrasah Ta’leemuddeen, Isipingo Beach, South Africa.