8 Rabi al-Thani 1441

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.

By Admin
In Halal/Haram Matters
Dec 13th, 2018
0 Comments
505 Views

ANSWER:

It is not permissible to invest in such a business where they give a fixed amount, this is clear riba. 

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