My friend needs money to purchase goods that he will sell to another company.He is requesting me and others to give him money as an investor. From his profit,he will take specific percentage (as the project was his hardwork) & remaining percentage he will give to investors based on amount invested. If he doesn’t get profit, we will not get any profit. Is this transaction Halal?
In Halal/Haram Matters
Nov 17th, 2019
This is permissible providing that those investing money know that if the investment has total loss in money, they will lose their money and can’t ask him to return it.