Transactions & Dealings >> Business

Question ID: 40639Country: India

Title: I am borrowing Rs 100000 from a person to invest in a land and after selling it I will give Rs 5-6 thousand as profit to that person within a period of three months. Is it allowable

Question: I am borrowing Rs 100000 from a person to invest in a land and after selling it I will give Rs 5-6 thousand as profit to that person within a period of three months. Is it allowable?

Answer ID: 40639Posted on: Sep 1, 2020

Bismillah hir-Rahman nir-Rahim !

(Fatwa: 1173/757/H=1433) It is not allowed as it is interest which is haram.

Allah (Subhana Wa Ta'ala) knows Best

Darul Ifta,

Darul Uloom Deoband, India

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Title: I am borrowing Rs 100000 from a person to invest in a land and after selling it I will give Rs 5-6 thousand as profit to that person within a period of three months. Is it allowable

Question: I am borrowing Rs 100000 from a person to invest in a land and after selling it I will give Rs 5-6 thousand as profit to that person within a period of three months. Is it allowable?

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