This is riba! The percentage should be on the profit and not on the sales.
A friend of mine has invested on my business. I give him profit percentage on cost of sales. So every month he recieves a profit even though I make a loss in the business. The profit amount chnages but no loss incurred. I make a gross profit but after expences I make loss on certain months but he still gets a profit .is t allowed?
Riba |
November 7, 2017 4:58 pm