The Ruling on Mudarabah in Money
Machine translationRead the Arabic original
Question:
Yes, may Allah bless you. Your Excellency the Shaykh, Salih, this is also one of the brothers residing here in this blessed land. He says: I have a sum of money with me, and I deposited it with one of my relatives to trade in this money, with an agreement on the percentage of profit and loss, which may increase or decrease. He asks: Is there a problem with this, or does it fall under riba?
Answer:
This is considered a mudarabah (profit-sharing partnership) for trade, so that he trades with it and the profit is shared between them. This is a mudarabah, and zakah is due on all of it.
Yes, may Allah bless you. Your Excellency the Shaykh, Salih, this is also one of the brothers residing here in this blessed land. He says: I have a sum of money with me, and I deposited it with one of my relatives to trade in this money, with an agreement on the percentage of profit and loss, which may increase or decrease. He asks: Is there a problem with this, or does it fall under riba?
Answer:
This is considered a mudarabah (profit-sharing partnership) for trade, so that he trades with it and the profit is shared between them. This is a mudarabah, and zakah is due on all of it.
Source
قناة «إذاعة القرآن الكريم»، نور على الدرب مع معالي الشيخ صالح الفوزان ح7506 — youtube.com (5:58)
The Arabic text is a machine transcription of the audio recording.