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The question

What is the ruling on benefiting from an e-commerce website that offers a daily profit ranging between 2.3% and 2.8% of the deposited amount, with the profits continuing to be calculated on the original amount plus the accumulated profits?

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

What the questioner mentioned is not sufficient to rule on investing in this website. However, if this investment adheres to the legitimate Islamic contract, then there is no harm in it. Legitimate Mudarabah is a contract between two parties where one provides capital and the other invests it, on the condition that the working party receives a pre-agreed, commonly known share of the profit. It is not permissible in it to guarantee the principal capital or to agree on a specific percentage of profit that comes from the principal capital. Caution must be exercised regarding fraudulent and deceptive websites.

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
192603
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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