Back to search
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?

Share this answer

Source: FtawySummary from Ftawy's records · added here 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.

Summary from Ftawy's records · added here

Reviewed by El Fatwa's sharia committee.

Read the full answer on Ftawy
Where this answer came from
Source platform
Ftawy
Original fatwa ID
165143
Added here
. This is when the answer was added to El Fatwa, not the fatwa's date.
Text
Summary from Ftawy's records, reviewed by El Fatwa's sharia committee.
Read the full ruling
Read the full answer on Ftawy