Back to search
The question

What is the ruling on investing a sum of money in websites that offer high daily or hourly interest, knowing that these websites may close suddenly?

Share this answer

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

Investing money in websites that give a percentage of the principal within a certain period is impermissible. Correct (profit-sharing) is based on a known share of the profit, not of the principal.

Summary from Ftawy's records · added here

Reviewed by El Fatwa's sharia committee.

Read the full answer on Ftawy
Where this answer came from
Source platform
Ftawy
Original fatwa ID
180806
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