sheikh pls I want to ask if investing in an agricultural and livestock business that gives you 20% of your investment every month.and when you want the amount you invested you’d just inform them 3months before the time and they would refund your initial amount. I want to know if this is halal.Because of the amount given to you monthly.Thou it is strictly livestock and agric product
Sep 18th, 2019
This is totally prohibited because it’s riba.
You must not invest in a business that only gives you profit and a fixed rate every month. You must be part of both profit and loss as this kind of investment is permissible in islam.