• Transactions & Dealings >> Other Transactions

    Question ID: 8552Country: India

    Title: Sir, I want to invest my money in a company that gives its members as per its previous record 10% to 25% benefit yet it's not fixed, and if I make any member of this company it also gives 25% of that pwrson's benefit. Is it Halal? Can I invest?

    Question: Sir, I want to invest my money in a company that gives its members as per its previous record 10% to 25% benefit yet it's not fixed, and if I make any member of this company it also gives 25% of that pwrson's benefit. Is it Halal? Can I invest?

    Answer ID: 8552Posted on: Aug 31, 2020

    Bismillah hir-Rahman nir-Rahim !

    (Fatwa: 1369/219=TL/1429)

     

    The procedure of the abovementioned company is not lawful as per the Shariah; therefore it is unlawful to invest in the company.

    Allah (Subhana Wa Ta'ala) knows Best

    Darul Ifta,

    Darul Uloom Deoband, India