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Suppose If I have 5 lac rupees and I want to give it to someone (My Friend) as a investment and in return he will give me Rs.5000/per month (Profit on investment).So, I want to know in the light of Islam weather is it Halaal or Haram?It will be consider as Profit on investment or it will be interest?Please reply me soon. It should be clear that he have no need money.And he will invest it in his business. Thanks!

asked 101 AliAdil874's gravatar image
edited Jan 15 '13 at 13:26 Irfan Alam ♦ 1.1k11042 Irfan%20Alam's gravatar image

Its Interest, which is not allowed in Islam and it will be Haram. Because you have set a fixed Profit of Rs.5000 per month, whether your friend's business make profit or not. If you call it an investment then you can face loss as well and not only profit. If its an investment you should have a share in loss as well. Otherwise its same as the BANK give you a fixed interest on your deposited money.

answered 1.2k16 believer's gravatar image
edited Jan 15 '13 at 10:55

If you only share the profit then its haraam. You have to be liable for profit as well as loss, for it to be halaal.

answered 1.1k11042 Irfan%20Alam's gravatar image

And one thing more to make it halal for you beside sharing in loss, is that the business should also be Halal. You can not invest in a haram business whether you share loss or not.

answered 1.2k16 believer's gravatar image
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Asked: Jan 15 '13 at 10:30

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Last updated: Jan 15 '13 at 14:00

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