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The question

"Is it permissible for me to market this real estate offer that involves operating funds with fixed interest and percentages for clients and brokers, or is that forbidden? "

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

"Praise be to Allah and prayers and peace be upon the Messenger of Allah and upon his family and companions, to proceed:

This contract resembles a Mudaraba contract where a person gives his money to another for trade in exchange for a percentage of the profit. The money owners are the clients and the Mudarib is the operating entity, and the profit is divided between them.

Contract Conditions: - It is permissible to specify the program duration with the consent of both parties. - It is permissible to request a bank approval and certificate to ensure the availability of capital. - It is permissible to set a minimum amount. - Brokerage is allowed with a specified commission from the operating amount.

Basic Conditions of the Contract: 1. Investing money in permissible ventures. 2. No guarantee of capital. 3. The operational percentage is calculated from the profit, not from the capital."

Summarized from the full answer at Ftawy · imported

Read the full answer on Ftawy
Source platform
Ftawy
Original fatwa ID
138238
Imported
Translation status
Source text, unreviewed
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Read the full answer on Ftawy