• Miscellaneous >> Halal & Haram

    Question ID: 27160Country: India

    Title: I m running a sociti{Muslim fund} last two year n i m paying its expence myself but now i m anable to bear its i want know can i start the work (i have mortage the jwellry of people and give him mony taking some facility charge than i could bear its expence if i will earned profit,i wud expence on poor person wt it wud be haram? {i will take charge 1% or 1.5% allthough market rate is 5to 10% many our muslim brother is taking from other palece in compelson i want help him plz sure give my answer?

    Question: Asslam/kum janab my qustion is: i m running a sociti{Muslim fund} last two year n i m paying its expence myself but now i m anable to bear its i want know can i start the work (i have mortage the jwellry of people and give him mony taking some facility charge than i could bear its expence if i will earned profit,i wud expence on poor person wt it wud be haram? {i will take charge 1% or 1.5% allthough market rate is 5to 10% many our muslim brother is taking from other palece in compelson i want help him plz sure give my answer zajahakllah

    Answer ID: 27160

    Bismillah hir-Rahman nir-Rahim !

    (Fatwa: 1777/1332/D=1431)

     

    What work do you want to start, write it in detail?

    Taking 1 or 1.5 % profit will also be counted interest. You can take the reasonable charge of recording the dealing of debt.

    Allah (Subhana Wa Ta'ala) knows Best

    Darul Ifta,

    Darul Uloom Deoband, India