Giving an early profit in an investment
Question
I have a furniture trading and manufacturing business. I want to take investment to grow my business. I am offering my prospects 30% to 36% (variable) early profit on their investment if they invest for a minimum 1 year.
Incase of any loss they will have to bear the loss as well. Is this shariah compliant and halaal?
Answer
You cannot give an early profit. The profit can only be given after the business shows some result.
And Allah Ta'ala (الله تعالى) knows best.
- Answered by
- Mufti Ebrahim Salejee (Isipingo Beach)
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