• Transactions & Dealings >> Business

    Question ID: 105Country: United Kingdom

    Title:

    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?

    Question: 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 ID: 105Posted on: Sep 1, 2020

    Bismillah hir-Rahman nir-Rahim !

    [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 (Subhana Wa Ta'ala) knows Best

    Darul Ifta,

    Darul Uloom Deoband, India