There is a business investment we do here in Nigeria, you give the company money and they will be giving you a fixed amount monthly or yearly depending on what you choose. I asked them about what if there is a loss and they said they have taken it upon themselves to pay you , regardless. What is the ruling on this please.
There is a business investment we do here in Nigeria, you give the company money and they will be giving you a fixed amount monthly or yearly depending on what you choose. I asked them about what if there is a loss and they said they have taken it upon themselves to pay you , regardless. What is the ruling on this please.
13Dec
ANSWER:
It is not permissible to invest in such a business where they give a fixed amount, this is clear riba.
There is a business investment we do here in Nigeria, you give the company money and they will be giving you a fixed amount monthly or yearly depending on what you choose. I asked them about what if there is a loss and they said they have taken it upon themselves to pay you , regardless. What is the ruling on this please.