25 Rabi al-Awwal 1441

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

By Admin
In Riba
Sep 18th, 2019
0 Comments
192 Views

ANSWER:

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. 

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