Participating in trade with a monthly percentage of the profit
Machine translationRead the Arabic original
Question:
He says: Honorable Shaykh, may Allah grant you success. He says: If I want to partner, if I want to partner with a person in his business, and I pay him a specific amount of money, and he sets for me a monthly percentage of the profit, is it required that we inventory what he has of equipment and other things?
Answer:
It is not permissible to set a monthly percentage for you. You have a percentage of the profit, absolute. A quarter of the profit, half of the profit, a tenth of the profit, absolute. As for setting it monthly, that is not permissible. Yes.
He says: Honorable Shaykh, may Allah grant you success. He says: If I want to partner, if I want to partner with a person in his business, and I pay him a specific amount of money, and he sets for me a monthly percentage of the profit, is it required that we inventory what he has of equipment and other things?
Answer:
It is not permissible to set a monthly percentage for you. You have a percentage of the profit, absolute. A quarter of the profit, half of the profit, a tenth of the profit, absolute. As for setting it monthly, that is not permissible. Yes.
Source
شرح كتاب المنتقى من أخبار المصطفى صلى الله عليه وسلم، بداية من أبواب الحيض والاستحاضة — islamhouse.com (1:05:16)
The Arabic text is a machine transcription of the audio recording.