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The question

What is the ruling on a friend asking for an amount of money to complete a business deal with a promise to return it tenfold, then asking for an additional amount to complete the delayed work with a promise to return both amounts plus 3% of his known business profit, and none of the promises have been fulfilled?

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Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 20261 min readAlso available in العربية
The answer

The first transaction is Islamically prohibited. If the amount is a loan that brings benefit, then it is usury (riba). If it is for a partnership, then stipulating a known portion of the profit invalidates the partnership. Similarly, the second transaction is prohibited if it is a loan. However, if it is a partnership, then stipulating a guarantee of the capital invalidates it.

Summarized from the full answer at Ftawy · imported

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Source platform
Ftawy
Original fatwa ID
165143
Imported
Translation status
Source text, unreviewed
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