4 Safar 1442

There is a company if you invest 500$. every month you will get 100$ for a year and they don’t deal with Alcohol or gambling or any haram business because is a islamic company so is this Riba ?

By Admin
In Halal/Haram Matters
Nov 16th, 2019


Yes, this is riba and one of the major sins in Islam because this profit is fixed. 

For any investment to be halal, it must be a halal business and you must share both profit and loss and the profit must not be fixed (Percentage can be fixed but not the actual amount) 

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