Sheikh my mom lent some money to a local businessman.In return, The businessman promised to give 200$ each month as a portion from profit.Now, is it interest(riba)? P.s He said he would back whole money anytime mom gave and those 200$ won’t reduce the main amount.
Sheikh my mom lent some money to a local businessman.In return, The businessman promised to give 200$ each month as a portion from profit.Now, is it interest(riba)? P.s He said he would back whole money anytime mom gave and those 200$ won’t reduce the main amount.
02Apr
This is clear riba.
Sheikh my mom lent some money to a local businessman.In return, The businessman promised to give 200$ each month as a portion from profit.Now, is it interest(riba)? P.s He said he would back whole money anytime mom gave and those 200$ won’t reduce the main amount.