Is investing in an online investment company that promises daily profits ranging from 2% to 6% for 170 days, with the possibility of withdrawing capital and profits after this period, and with a variable daily profit rate that increases with the increase in investment value, knowing that the company is not responsible for any loss, considered usury (riba)? And are similar companies that double the investment value over varying periods according to their profits permissible?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
It is not permissible to participate in this company, nor in similar ones, for two reasons: First, the shareholder's profit is a daily percentage of the paid-up capital, which invalidates the (partnership) contract, where the profit must be a common percentage of the actual profits, not of the capital. Second, trading in bonds is not free from usury (riba).
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/74576
Where this answer came from
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- Ftawy
- Original fatwa ID
- 74576
- 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