Is there anything forbidden or a form of usury in this contract – in which the first party speculates with the second party’s money in telecommunications company products, provided that profits and losses are distributed at a ratio of 55.56% to the first party and 44.44% to the second party, with the capital being returned to the second party upon the contract’s termination?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
The aforementioned transaction is a (partnership in profit), based on an agreed-upon percentage of the profit for both the capital provider and the Mudarib (manager of the capital), and without a guarantee of the Mudarabah capital. If a loss occurs, the capital provider bears it, unless there was negligence or misconduct on the part of the worker, in which case he guarantees it. The mentioned percentage must be for profits only, and the return of the capital to the second party occurs if there is no loss in it. If there is a loss, the capital provider bears it.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/188479
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 188479
- 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