What is the ruling on this six-month commercial transaction, which is based on collecting money from relatives, limited to 5,000 Riyals per share, and dividing the profits with 40% for the capital owners (2.50% per share out of 16 shares), and 60% for the traders (40%, 14%, 6% divided among them, with two shares allocated to the primary trader)?
The aforementioned company, which combines Mudarabah (profit-sharing) and Inan (partnership where both partners contribute capital and work), is permissible. It is permissible for the capital owners (including yourself) to receive 40% of the profit, and for the workers (you and your two partners) to receive 60%, divided among them according to the stated proportions. If the 6% you receive is merely for mediating the delivery of your relatives' money, then this is a permissible brokerage, provided your relatives are aware of it. If you take your relatives' money and engage in Mudarabah with it yourself, then hand it over to someone else to engage in Mudarabah, then if this is with your relatives' permission, you are entitled to the 6% according to some jurists. However, if it is without their permission, it is not permissible, and you would be liable for the money.
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- Original fatwa ID
- 17116
- Imported
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