Taking a fixed monthly income from an investment?

Q: I want to invest some money in a friend's import export business against which he would give me a fixed monthly income regardless of the actual profit or loss he makes in the business. Is it halal for me to do this investment and take monthly fixed profit?

A: This is pure interest.

And Allah Ta'ala (الله تعالى) knows best.

 

Answered by:

Mufti Ebrahim Salejee (Isipingo Beach)