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The question

Is the mediation between a financier and a contractor, whereby the mediator takes money from the financier and gives it to the contractor to obtain a known monthly profit from it (such as 5,0 for every share of 100,0), and then divides this profit with the financier, with the financier's knowledge that the mediator is profiting from these funds, permissible in Islamic law?

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Source: FtawySummary from Ftawy's records · added here Sep 2, 20261 min readAlso available in العربية
The answer

The aforementioned transaction is impermissible, whether it be (profit-sharing) or (agency). In mudarabah, it is stipulated that the share of profit for both parties must be specified, and it is not permissible for it to be a fixed sum or a known percentage of the capital. In wakalah for a fee, the fee must be specified. Neither the mudarib nor the agent guarantees the capital unless there is transgression or negligence.

Summary from Ftawy's records · added here

Reviewed by El Fatwa's sharia committee.

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Where this answer came from
Source platform
Ftawy
Original fatwa ID
188553
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.
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Read the full answer on Ftawy