The Ruling on Mudarabah with a Fixed Percentage of Profits
Machine translationRead the Arabic original
The questioner:
If you would be so kind, I have a question with two parts. The first part, Shaykh Salih, I work in trade, and if a person comes to me and says, “I will put a specific amount of money with you, and I want you to invest it in trade, in trade, in lawful trade.”
The Shaykh:
You give.
The questioner:
And I give him a percentage, meaning, for example, five percent, seven percent, or ten percent—a fixed percentage of the profits, not a floating one. Is this permissible or not, Shaykh?
The Shaykh:
A shared percentage: if there is a profit, you give him that percentage; if there is no profit, he gets nothing.
The questioner:
But when there is a profit, I want to specify that if there is a profit, he gets a percentage of five or ten percent. Meaning, I stipulate the percentage for him. Is this permissible, Shaykh, or not?
The Shaykh:
Yes, a shared percentage, for example, five percent or ten percent, as you stipulated. Yes.
The questioner:
It is not permissible. May Allah reward you with good, Shaykh. May Allah reward you. Come, may Allah prolong your life.
The presenter:
Okay, thank you, the caller.
If you would be so kind, I have a question with two parts. The first part, Shaykh Salih, I work in trade, and if a person comes to me and says, “I will put a specific amount of money with you, and I want you to invest it in trade, in trade, in lawful trade.”
The Shaykh:
You give.
The questioner:
And I give him a percentage, meaning, for example, five percent, seven percent, or ten percent—a fixed percentage of the profits, not a floating one. Is this permissible or not, Shaykh?
The Shaykh:
A shared percentage: if there is a profit, you give him that percentage; if there is no profit, he gets nothing.
The questioner:
But when there is a profit, I want to specify that if there is a profit, he gets a percentage of five or ten percent. Meaning, I stipulate the percentage for him. Is this permissible, Shaykh, or not?
The Shaykh:
Yes, a shared percentage, for example, five percent or ten percent, as you stipulated. Yes.
The questioner:
It is not permissible. May Allah reward you with good, Shaykh. May Allah reward you. Come, may Allah prolong your life.
The presenter:
Okay, thank you, the caller.
Source
قناة «العلامة الدكتور صالح الفوزان»، برنامج (فتاوى) (109) لمعالي الشيخ صالح الفوزان بتاريخ [1436-12-23] - كبار العلماء — youtube.com (24:09)
The Arabic text is a machine transcription of the audio recording.