Home » Hanafi Fiqh » Muftionline.co.za » Taking a fixed monthly income from an investment?
Q: I want to invest some money in a friend’s import export business against which he would give me a fixed monthly income regardless of the actual profit or loss he makes in the business. Is it halal for me to do this investment and take monthly fixed profit?
A: This is pure interest.
And Allah Ta’ala (الله تعالى) knows best.
Answered by:
Mufti Ebrahim Salejee (Isipingo Beach)
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.
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