Transactions & Dealings >> Business
Question ID: 105Country: 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?
Answer ID: 105
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