• Transactions & Dealings >> Business

    Question ID: 164527Country: india

    Title: sharing profits

    Question: I have a friend he asked me to lend him 120000 Rs for buying a used car he told me he would sell it to other guy and the profit he would receive in selling that he would also give me a share of profit amounting to Rs 15000. Now he has bought the car and he likes the car now he doesn’t want to sell it he wants to keep it for himself. There are still buyers for it. Now should I receive the profit amount that he promised me to? Will it be halal or haram?

    Answer ID: 164527

    Bismillah hir-Rahman nir-Rahim !

    (Fatwa: 1523/1333/L=12/1439)


    Apparently, it is not the deal of shirkah (partnership) rather it is to derive benefit by giving loan and it is not lawful; hence it shall not be lawful for you to take fifteen thousand extra.

    كل قرض جر منفعة فهو ربا (مصنف بن أبي شيبه، رقم: 20690)


    [Translation: Every debt that yields profits, is a usury.]

    Allah (Subhana Wa Ta'ala) knows Best

    Darul Ifta,

    Darul Uloom Deoband, India