Paying money for trade with the return of a fixed amount
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 it stipulates a specific amount to be returned. No, but if he says, "Buy and sell, and if there is a profit, the profit is between us," that is fine. This is the lawful mudarabah (profit-sharing partnership). 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 he will pay you this amount, and giving him dirhams to sell and buy with, and guaranteeing you this amount, that 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 it stipulates a specific amount to be returned. No, but if he says, "Buy and sell, and if there is a profit, the profit is between us," that is fine. This is the lawful mudarabah (profit-sharing partnership). 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 he will pay you this amount, and giving him dirhams to sell and buy with, and guaranteeing you this amount, that is not permissible.
Source
قناة «العلامة الدكتور صالح الفوزان»، باب من الشرك أن يستغيث بغير الله أو يدعو غيره — youtube.com (58:30)
The Arabic text is a machine transcription of the audio recording.