Paying money for trade in exchange for a specific amount and the reality of mudarabah
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 from mudarabah?
Answer:
No, this is not permissible. It is not permissible to stipulate a specific amount to be returned. No, but if he says, “Sell and buy, and if you make a profit, the profit is between us,” there is nothing wrong with that. This is the lawful mudarabah: sell and buy, and whatever profit is obtained is between us according to the condition, whether it is much or little. And if no profit is obtained, there is nothing in it. This is the lawful partnership. As for guaranteeing that I will pay you this amount and give me dirhams to sell and buy with, and guaranteeing you this amount, this 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 from mudarabah?
Answer:
No, this is not permissible. It is not permissible to stipulate a specific amount to be returned. No, but if he says, “Sell and buy, and if you make a profit, the profit is between us,” there is nothing wrong with that. This is the lawful mudarabah: sell and buy, and whatever profit is obtained is between us according to the condition, whether it is much or little. And if no profit is obtained, there is nothing in it. This is the lawful partnership. As for guaranteeing that I will pay you this amount and give me dirhams to sell and buy with, and guaranteeing you this amount, this is not permissible.
Source
شرح كتاب التوحيد [ صالح الفوزان ]، باب من الشرك النذر لغير الله — islamhouse.com (58:30)
The Arabic text is a machine transcription of the audio recording.