Guaranteeing a foreign company in exchange for a percentage of profits
Machine translationRead the Arabic original
The Shaykh:
Allah is with them, the Tameem with the Committee, and we ask Allah to help the Committee, and to help the advisors and guides in every place to cooperate in righteousness, and this good which is their protection from the falsehood in which they are, we ask Allah to help them with themselves,
The questioner:
What is the ruling on guaranteeing a foreign company in the country in exchange for taking a percentage of the profits, such as thirty percent or otherwise?
The Shaykh:
No, this is not permissible, no, it is not permissible in exchange for guaranteeing something. If he brings them in at his own expense for a known wage, he may employ them, otherwise he should return them except for that. As for taking from them for the guarantee and wages, no.
Allah is with them, the Tameem with the Committee, and we ask Allah to help the Committee, and to help the advisors and guides in every place to cooperate in righteousness, and this good which is their protection from the falsehood in which they are, we ask Allah to help them with themselves,
The questioner:
What is the ruling on guaranteeing a foreign company in the country in exchange for taking a percentage of the profits, such as thirty percent or otherwise?
The Shaykh:
No, this is not permissible, no, it is not permissible in exchange for guaranteeing something. If he brings them in at his own expense for a known wage, he may employ them, otherwise he should return them except for that. As for taking from them for the guarantee and wages, no.
Source
ندوات الجامع الكبير مع الأسئلة - 38 — archive.org (1:05:28)
The Arabic text is a machine transcription of the audio recording.