Interest bearing transaction
Question
I have an idea to build a website that has the following process:
1. The people invest in my website
2. I Invest this money on other things
3. I have profit with this money
4. I give the money back to him/her For Example: Someone invest $10 in my website, then I re-invest this money on other websites. I have $25 in revenues, then I give to him/her $11 back. The main goal is that I want the people invest in my website, then they will have a secure profit, for example for each $10 they invest i will give to him/her $1 profit. The problem is that I don't know if that is haram because the interest or if it is, please give me a way to make it halaal.
Answer
This is interest. Hence it is not permissible.
And Allah Ta'ala (الله تعالى) knows best.
- Answered by
- Mufti Zakaria Makada
- Checked & approved by
- Mufti Ebrahim Salejee (Isipingo Beach)
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