Giving money for trade in exchange for a specific amount: Is this a mudarabah?
Machine translationRead the Arabic original
Question:
The questioner says: A man gave another man twenty thousand riyals to trade with. The questioner says: A man gave another man twenty thousand riyals to trade with, and then he returns twenty-five thousand to him. Is this a mudarabah?
Answer:
No, this is not permissible because of the condition of returning a specific amount. No, but if he says, "Buy and sell, and if you make a profit, the profit is between us," there is nothing wrong with that. This is the lawful mudarabah: buy and sell, and whatever profit is obtained is between us according to the condition. He says, "No more than that," and if no profit is obtained, there is nothing in it. This is the lawful mudarabah. As for guaranteeing that you will pay this amount and giving me dirhams to sell and buy with, and guaranteeing this amount to you, this is not permissible.
The questioner says: A man gave another man twenty thousand riyals to trade with. The questioner says: A man gave another man twenty thousand riyals to trade with, and then he returns twenty-five thousand to him. Is this a mudarabah?
Answer:
No, this is not permissible because of the condition of returning a specific amount. No, but if he says, "Buy and sell, and if you make a profit, the profit is between us," there is nothing wrong with that. This is the lawful mudarabah: buy and sell, and whatever profit is obtained is between us according to the condition. He says, "No more than that," and if no profit is obtained, there is nothing in it. This is the lawful mudarabah. As for guaranteeing that you will pay this amount and giving me dirhams to sell and buy with, and guaranteeing this amount to you, this is not permissible.
Source
قناة «العلامة الدكتور صالح الفوزان»، 31/8 شرح كتاب التوحيد / الشيخ صالح الفوزان — youtube.com (58:43)
The Arabic text is a machine transcription of the audio recording.