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The question

What is the ruling on a transaction that involves investing a sum of money in the foodstuff trade, with the condition of not specifying a fixed interest rate, and an agreement on a monthly percentage of the profits?

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Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 20261 min readAlso available in العربية
The answer

This transaction is called or Qirad, and it is a permissible type of partnership, where one party contributes their effort and labor, and the other contributes their capital. The profit is then shared between them according to an agreed-upon, undivided percentage at the beginning of the contract.

Summarized from the full answer at Ftawy · imported

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Where this answer came from
Source platform
Ftawy
Original fatwa ID
171763
Imported
Translation status
Source text, unreviewed
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