Getting a fixed return from an investment
Question
I give $5000 to a person in pakistan for investment. He told me that he will give me monthly $300/month on the top of that money. The condition is that the amount on top of $5000 can be $300 or more or less depending upon the business sales.
The second condition is that the owner told me that I can't give you guarantee for $5000 as incase if theres a loss then he will not be responsible for the loss.
My question is, is the $300/monthly return on the $5000 halal or haram?
Answer
We do not understand the nature of the partnership. If it is 5000 as an investment in a partnership then there is no question of getting back the exact amount. The returns of the investments are subject to fluctuation.
And Allah Ta'ala (الله تعالى) knows best.
- Answered by
- Mufti Ebrahim Salejee (Isipingo Beach)
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