Taking a fixed monthly income from an investment?
Question
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?
Answer
This is pure interest.
And Allah Ta'ala (الله تعالى) knows best.
- Answered by
- Mufti Ebrahim Salejee (Isipingo Beach)
Where scholars differ, it’s safer to take the more cautious view.
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Source: Mufti Online — Madrasah Ta'leemuddeen — https://muftionline.co.za/node/25272
Fatawa SA: https://fatawa.co.za/fatwa/muftionline-25272
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