Transactions & Dealings >> Business

Question # : 105

United Kingdom

If somebody entrusts you with some money, for example ?1000. they have not borrowed the money to you but have just given it to you for safe keeping. Can I Invest that money in Halal finance, and benefit from the profits? Or does the money earned through profit have to be given to the rightful owner? Can you please advise!

Answer : 105

Published on: Mar 29, 2007

بسم الله الرحمن الرحيم

[Fatwa: 172/J=172/J]

You cannot invest the money that is entrusted to you. The duty of trustee is to safeguard the money. However, If anyone invests it anywhere and gains some profit, then he has to return all amount (capital and profit both) to the original ownwer.

Allah knows Best!

Darul Ifta,
Darul Uloom Deoband

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