How can one invest money without falling into the suspicion of usury (riba), and what are examples of places where this money can be deposited?
There are many ways for those who cannot invest their money themselves to benefit from it, including: - (profit-sharing): This is when the capital owner agrees with an investor (mudarib) to invest the money, and the profit is shared between them according to an agreed-upon, proportional percentage. - (cost-plus financing): This is when a merchant sells a commodity at its cost price with a known profit margin, or sells it on credit with an increase in price for the deferred payment, while taking guarantees to protect his rights. - Trading in beneficial projects that are far from unlawful activities and do not involve usury (riba), such as Islamic companies or banks that adhere to the rulings of Islamic law.
It is advisable to search for trustworthy companies, be deliberate, and consult specialists.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
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- Original fatwa ID
- 32474
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- Summary from Ftawy's records, reviewed by El Fatwa's sharia committee.
- Read the full ruling
- Read the full answer on Ftawy