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My family is starting a building business. Is it Haram to pay interest to a family member This decreases taxable profit.

Answered as per Hanafi Fiqh by ShariahBoard.org
My family is starting a building business. Is it Haram to pay interest to a family member This decreases taxable profit.

If you are in the real estate developing business, and if you keep some on your family members as shareholders then it is obvious that whatever profit is generated from the business would be distributed. If your question pertains to something other than this then please clarify. Otherwise, this is what we understand from your question.

Allah (Subhanahu Wa Ta’ala) Knows Best

Mufti Nawal-ur-Rahman

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This answer was collected from Shariahboard.org. It was established under the supervision of the eminent faqih of our era, Hazrat Shah Mufti Mohammed Navalur Rahman damat barakatuhum.

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