QUESTION: Is it permissible to earn a fixed fee for referring people to conventional wealth managers, knowing their money will likely be invested in riba-based products? I would not advise, manage, or receive a percentage. Does knowing the likely outcome make my referral impermissible? Does my role resemble the scribe/witness condemned in the riba hadith?
QUESTION: Is it permissible to earn a fixed fee for referring people to conventional wealth managers, knowing their money will likely be invested in riba-based products? I would not advise, manage, or receive a percentage. Does knowing the likely outcome make my referral impermissible? Does my role resemble the scribe/witness condemned in the riba hadith?
24Aug
ANSWER:
If he invests in haram then you are sinful for such referrals and your income is haram as well! It is like directing people to where the bar or nightclub is and claiming that you don’t drink or party!
QUESTION: Is it permissible to earn a fixed fee for referring people to conventional wealth managers, knowing their money will likely be invested in riba-based products? I would not advise, manage, or receive a percentage. Does knowing the likely outcome make my referral impermissible? Does my role resemble the scribe/witness condemned in the riba hadith?