19 Safar 1441

Sheikh! My uncle’s company won a business deal. But the company is lacking finances. So he asked his family members and friends to lend him money and help him. And in return he would share a percentage of profit with them along with the money lent. Can I lend him money and take extra money? Is this riba? If not, Under what conditions is this allowed?

By Admin
In Riba
Jul 6th, 2018
0 Comments
547 Views

ANSWER:

This is clear riba. A loan must not be with profit or interest. 

You can ask him to give you a share in the business where you will share with him the profits and losses as well. 

 

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