Investment scheme
Q: My father joins a profit-sharing business which guarantee a monthly dividend between 15% to 30% for up to 1 year (with no guaranteed principle). My question is, is it permissible for me to market this profit-sharing business and make out a sideline business agreement out of it with my potential client? The agreement shall state that, I shall be the guarantor of the principle amount given for the purpose of the profit-sharing business. In return, the client shall pay me a 3% monthly dividend for the period of 1 year. In the event that the business collapses, I shall be liable to pay back the principle amount to my client.