Mufti Online — Madrasah Ta'leemuddeen

Entering into a partnership with a person whose capital will be from an interest bearing loan

· 10 Rajab 1440 AH1 min readEnglish

Question

My brother wants to enter into a partnership business with another person whose initial investment in business is taken from an interest bearing loan. Is he allowed to enter into a partnership business with him? Will the profits earned by that business be halaal or haraam?

Answer

The partnership is permissible, but it is not advisable to take such a person as a partner who is not conscious about deen.

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

Answered by
Mufti Ebrahim Salejee (Isipingo Beach)
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Questions about this ruling, answered only from the archive with sources.

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Source: Mufti Online — Madrasah Ta'leemuddeen — https://muftionline.co.za/node/29029
Fatawa SA: https://fatawa.co.za/fatwa/muftionline-29029

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