Mufti Online — Madrasah Ta'leemuddeen

Investing in a company that distributes profits daily

· 12 Safar 1442 AH1 min readEnglish

Question

There is a company named B4U Global which collects amounts from people and invests it in various fields like properties, marble, motorcycles, etc.

The company divides the 60% of profit to the investors on daily basis equally while keeps 40% for their own expenses.

If you refer someone to invest in this company then they give you a small percentage of a referal bonus and profit.

In Pakistan, the government has not authorized crypto currency so they do not invest in crypto currency here.

Saturdays and Sundays are off so profit is not given on these two days.

Please guide if it is right according to Islamic laws.

Answer

If it is done without any impermissible terms and conditions and the business is operated correctly then the investment will be valid.

If the business is still operating on these days then the profits should be shared.

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

Answered by
Mufti Ebrahim Salejee (Isipingo Beach)
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Source: Mufti Online — Madrasah Ta'leemuddeen — https://muftionline.co.za/node/31814
Fatawa SA: https://fatawa.co.za/fatwa/muftionline-31814

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