Earning a fixed profit amount from an investment

Submitted by user2 on Thu, 2023-11-02 08:02

Q: There are too many applications on the internet which ask us to invest in their business like they ask us to purchase their devices and they say they will launch these machines at different places and people will use them and we will share the profit with you. I invested 2000 and they give me daily earning of 200. Is it halaal?

A: If the profit amount is fixed (e.g. for your R2000, we will give you R200), then this will not be permissible. This will amount to riba.

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

Answered by:

Mufti Zakaria Makada

Checked & Approved:

Mufti Ebrahim Salejee (Isipingo Beach)

Category:

Business and Dealings›Investments and shares

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