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The question

What is the ruling on agreeing to take a specific amount as profit if the partner is late in building the house agreed upon within the specified period, given that I am a merchant and invest money?

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

We understand from the question that the questioner will contribute money and his partner will build the house. The questioner stipulated the return of his money and a known profit if the house is not built within a year. This condition is not permissible because it contradicts the essence of partnership and includes a guarantee of capital and a known profit, and making one partner's share a known amount of money invalidates the partnership.

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
178143
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