Mudarabah with money in land and currencies
Machine translationRead the Arabic original
Question:
He says: Is it permissible if I put it in and they say, “We will make a mudarabah (profit-sharing partnership) for you, buy you land, and share the land with you, for example, and currencies, and they will occupy me with the share”? Is this permissible or not?
Answer:
There is nothing wrong with it. This is not riba (usury or interest). Whether it is half, a quarter, or a third, whatever it is, it is not riba. Riba is when it is for you by five, for you by five, for you by three; that is riba, a submerged thing, meaning. Yes. Currencies sold in a lawful sale; if he sells them hand-to-hand, there is nothing wrong. If it is from the sale of riba, it is not possible. There must be riba between the sale and the transactions; there is a distinction if it is by lawful sale.
He says: Is it permissible if I put it in and they say, “We will make a mudarabah (profit-sharing partnership) for you, buy you land, and share the land with you, for example, and currencies, and they will occupy me with the share”? Is this permissible or not?
Answer:
There is nothing wrong with it. This is not riba (usury or interest). Whether it is half, a quarter, or a third, whatever it is, it is not riba. Riba is when it is for you by five, for you by five, for you by three; that is riba, a submerged thing, meaning. Yes. Currencies sold in a lawful sale; if he sells them hand-to-hand, there is nothing wrong. If it is from the sale of riba, it is not possible. There must be riba between the sale and the transactions; there is a distinction if it is by lawful sale.
Source
فتاوى الحج 1410 هـ - 16 — archive.org (54:50)
The Arabic text is a machine transcription of the audio recording.