Ruling on giving money to a person in exchange for a fixed monthly amount
Machine translationRead the Arabic original
Question:
He says: Honorable Shaykh, may Allah grant you success, a man said to his partner, “Give me one hundred thousand riyals, and I will give you one thousand riyals every month, and whenever you want your money, take it.” Is this permissible or…
Answer:
This is invalid; this is not permissible. This condition is a lease, meaning that you have leased the money for one thousand riyals every month, or every… It is not permissible, and it is not a profit-sharing partnership; this is a lease, and this is not permissible. Yes.
He says: Honorable Shaykh, may Allah grant you success, a man said to his partner, “Give me one hundred thousand riyals, and I will give you one thousand riyals every month, and whenever you want your money, take it.” Is this permissible or…
Answer:
This is invalid; this is not permissible. This condition is a lease, meaning that you have leased the money for one thousand riyals every month, or every… It is not permissible, and it is not a profit-sharing partnership; this is a lease, and this is not permissible. Yes.
Source
الفوزان -أشرطة- شرح زاد المستقنع مع الأسئلة - 067-باب الوكالة والشركة - 20-10-23 هـ — archive.org (29:35)
The Arabic text is a machine transcription of the audio recording.