Transactions & Dealings >> Interest & Insurance

Question ID: 4488Country: India

Title: Theres a firm which do halal business (construction and many others) as i have invested money in that firm and monthly they pay fix amount to me depending on how much investment made.

Question: Theres a firm which do halal business (construction and many others) as i have invested money in that firm and monthly they pay fix amount to me depending on how much investment made.

Answer ID: 4488Posted on: Aug 30, 2020

Bismillah hir-Rahman nir-Rahim !

(Fatwa: 1315/1004=H/1429)

Fixed amount is interest which is haram.

If you and the firm have agreed upon some amount of profit, then you should write it clearly.

Allah (Subhana Wa Ta'ala) knows Best

Darul Ifta,

Darul Uloom Deoband, India

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Title: Theres a firm which do halal business (construction and many others) as i have invested money in that firm and monthly they pay fix amount to me depending on how much investment made.

Question: Theres a firm which do halal business (construction and many others) as i have invested money in that firm and monthly they pay fix amount to me depending on how much investment made.

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