Is it permissible to take profits from money deposited in the gold trade, knowing there is an agreement to share in profit and loss, and is the approval of a single shaykh sufficient for the transaction?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
According to the majority of jurists, it is permissible to use a deposit as capital for (profit-sharing), as long as it is a tangible asset and not a debt. This is the view adopted by the Shafi'is and Hanafis. Therefore, if the deposited amount is a trust (Wadi'ah), it is permissible to engage in Mudarabah with it, in accordance with conditions. However, if it is a debt, it is not permissible for it to be used as capital for Mudarabah.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/57312
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 57312
- 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