Sharing the profits and losses
Question
Person A gives person B £1000 to buy a car in order to sell. All the profit from the sale is split by person A and B. Person A will receive his £1000 back. After that if there is any left over money then it will be split between A and B. Is this permissible?
Answer
It is permissible provided he is prepared to accept a loss as well in the event of there being a loss.
And Allah Ta'ala (الله تعالى) knows best.
- Answered by
- Mufti Ebrahim Salejee (Isipingo Beach)
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