Mufti Online — Madrasah Ta'leemuddeen

Earning a fixed profit amount from an investment

· 18 Rabiʻ II 1445 AH1 min readEnglish

Question

There are too many applications on the internet which ask us to invest in their business like they ask us to purchase their devices and they say they will launch these machines at different places and people will use them and we will share the profit with you. I invested 2000 and they give me daily earning of 200. Is it halaal?

Answer

If the profit amount is fixed (e.g. for your R2000, we will give you R200), then this will not be permissible. This will amount to riba.

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

Answered by
Mufti Zakaria Makada
Checked & approved by
Mufti Ebrahim Salejee (Isipingo Beach)
View original Compare with other Darul Iftas
Questions about this ruling, answered only from the archive with sources.

Where scholars differ, it’s safer to take the more cautious view.

Fatawa SA is an independent, read-only index of fatawa already published by Mufti Online — Madrasah Ta'leemuddeen. It is not a fatwa service. For your own situation, please ask a Mufti. Report an issue

For corrections or mistakes, please email us at fatawasa786@gmail.com.

Source: Mufti Online — Madrasah Ta'leemuddeen — https://muftionline.co.za/node/34236
Fatawa SA: https://fatawa.co.za/fatwa/muftionline-34236

Related fatawa