One of my friend is asking me to invest 5 lac in his currency exchange and he will pay me 7-8 thousand during peak business months and 5-6 thousand during normal business months, whenever required I can take back my amount. Please advise is it permissible?
Sep 25th, 2018
ANSWER:If your investment is not susceptible to loss, which means that the capital is guaranteed, this is riba.
If the percentage of profit is fixed, this is riba.