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83 fatwas

  • The Islamic Requirements of Mudhaarabah Date: 31-7-2022

    Assalamu Alaikum,There is a company which accepts investments from individuals. They make investments in gold, silver etc. They give their profits as dividend to individuals. When we want to discontinue, they return the money in cash and not in gold. Is this investment halal? Kindly advise.Regards. .. More

  • Depositing Money in The Bank To Participate in Draw for Prizes Date: 24-11-2019

    Is The Shari’ah compliant bank offering weekly/monthly draw halal or Haram? They say that "Prizes granted are from the bank funds and not from depositors’ funds.The bank Fatwa and Shari’ah board has approved the prizes program for the investment accounts".????????????????????????????????????????????????????????????? .. More

  • Mudhaarabah with An Islamic Bank Date: 30-4-2019

    There’s something trending in banks nowadays by name of islamic banking or islamic saving account..in which account holder does some investment in form of his/her money deposited there and bank gives u profit on the money u put for investment but that profit isn’t fixed it changes every month and there’s no riba on that too..no such contract between.. More

  • No Guarantee of Loss Without Negligence Date: 11-2-2019

    Salam. I hve taken money as invstmnt from 4 ppl for business and i didnt not manage it properly and made a loss. One of a partner is asking for the full investment back,but i have very few amount of money left with me after the loss.If i give back his full investment then i cannot settle the full investment of other partners. Hence i have said to him.. More

  • Higher Profit Shares Among Partners Date: 3-4-2018

    assalamu alaykum. suppose we 10 friends do a partnership business, but as dividing the profit in exact proportion is tough, so we make an agreement that if anyone get something more or less nobody will mind. is this OK? .. More

  • Investing With a Partner in Real Estate Date: 29-3-2018

    Dear BotherAssalam alaykumMy nephew wants to invest properties in UK –and will have mortgage from bank He suggest to me to send money for investment (100k) to buy a flat .For three years suppose the rent will be 600 GBP , I will get only 500 and he will have only 100.After three years , he will sell the house and I will get my 100k bank , but any.. More

  • Liability when partner causes loss of jointly-owned assets Date: 27-12-2017

    Assalaamu alaykum. Recently, one of my partners contacted me to ask for my opinion and approval to ship machinerythat we both own together from Syria. At first, I did not feel so motivated as I knew that there would be a risk of it getting either damaged or stolen on its way. However, my partner explained to me that another person, (x), has already.. More

  • Investing money given by father for a course in trade Date: 27-12-2017

    Assalaamu alaykum. I have been given two offers to enroll into two different professional courses, and I was not sure whether my father could afford to pay for both. So I asked him to pay for one of them and, with the help of a friend, invested that money into trading. Praise be to Allah, within two weeks, I had enough money to pay for both courses.. More

  • Investing money in company without knowing their business module Date: 2-11-2017

    Assalaamu alaykum. In India, there is a company that claim that they trade in gold and giving almost 35 to 36% profit per year in return. Please note that when one asks about their business module, they say that it is confidential and refuse to provide any details. Is it permissible for anyone to invest in a company that does not give details as to.. More

  • Assigning profit in partnership-Mudhaarabah contract Date: 3-8-2017

    My friend is conducting a business and asked me to invest some money in his business. I gave him two lacs taka (Bangladeshi currency) without any contract. The percentage of profit which he will give me was not discussed and not written in a contract. He gives me a part of the profit after 3/4/6 months, but it is not fixed amount. When he makes a big.. More

  • Using trickery to get one's rights Date: 7-7-2017

    I have a contraction company and I want to be very accurate in my livelihood, but every day, we face situations that confuse me about halal and haram. I will present an example in a very simple way because the real situation may have many ramifications. There was a certain written agreement between me and a client, saying that I deserve a certain amount.. More

  • Fixing damages to property responsibility of owner Date: 15-4-2017

    Assalaamu alaykum. I need a quick fatwa, please. Basically, my cousin and I partnered up in a joint venture in Syria before the war. We purchased the machinery and the whole setup 50/50 and decided to install everything in a warehouse that he already owned. We had not agreed for him to add rental fees. After a year, however, I realised that he had added.. More

  • Bankruptcy of business partner Date: 3-4-2017

    Assalaamu alaykum. I have a quick question that I was hoping to get a ruling on. My father had his own car dealership and, unfortunately, it recently went bankrupt. He had a business partner who would give my father money to purchase cars for him and export them to him. Since he is a car dealer, after he files for them, the taxes paid on the cars are.. More

  • Whether partner in business partnership is entitled to salary Date: 26-9-2016

    Assalaamu alaykum. 'A' brought a business concept and requested me to invest. I and two friends agreed to invest. 'A' agreed to manage the business. 'B' is a finance professional and agreed to look after the finance management. 'C' is a marketing professional and agreed to support the marketing. Questions: 1). Who is the owner of the business; only.. More

  • Partnership in company that sells alcohol Date: 22-2-2016

    We are a software company that went in partnership with another company to build a software to run and manage festivals. In return, we got an equity from that other company. Afterwards, we realized that most of the revenue is coming from the sale of alcoholic beverages. I have two related questions: 1. Is it okay to own an equity in the festival management.. More