Participating in an investment company with a profit percentage and periodic distribution
Machine translationRead the Arabic original
The questioner:
An investment company accepts participation and distributes profits every eight months, with the profit determined at seventeen or nineteen percent. Is it permissible to participate in something like this? Yes. It accepts participation and distributes profits every eight months, with the profit determined at seventeen or nineteen percent. Is it permissible to participate in something like this, at seventeen percent?
The Shaykh:
Seventeen percent is a rate that is fine. This is a shared profit, this is a shared profit. Seventeen percent, five percent, twenty percent, and so on, is a shared profit, so there is nothing wrong with that. However, fixing it by months, fixing it so that every so many months you are given a share, this is not correct, because there may be no profit in those months,
The questioner:
and nothing may be obtained in those months. Committing to give you a share every three or four months, committing to this with the profit
The Shaykh:
is difficult.
The questioner:
or it may not be realized. Yes.
An investment company accepts participation and distributes profits every eight months, with the profit determined at seventeen or nineteen percent. Is it permissible to participate in something like this? Yes. It accepts participation and distributes profits every eight months, with the profit determined at seventeen or nineteen percent. Is it permissible to participate in something like this, at seventeen percent?
The Shaykh:
Seventeen percent is a rate that is fine. This is a shared profit, this is a shared profit. Seventeen percent, five percent, twenty percent, and so on, is a shared profit, so there is nothing wrong with that. However, fixing it by months, fixing it so that every so many months you are given a share, this is not correct, because there may be no profit in those months,
The questioner:
and nothing may be obtained in those months. Committing to give you a share every three or four months, committing to this with the profit
The Shaykh:
is difficult.
The questioner:
or it may not be realized. Yes.
Source
قناة «العلامة الدكتور صالح الفوزان»، 141/87 شرح زاد المستقنع/ صالح الفوزان — youtube.com (56:07)
The Arabic text is a machine transcription of the audio recording.
