Investments

Q: I had given money to a builder for investment purpose in his project he will invest money in his projects and distribute profit among investor on percentage wise. Is it permissible to invest like this?

A: In any investment the investors have to share equally in the profits and losses.

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

 

Answered by:

Mufti Ebrahim Salejee (Isipingo Beach)

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