What is the forbidden mudarabah and the permissible mudarabah?
Machine translationRead the Arabic original
The questioner: ... What is the state saying, meaning it is not ... .
The Shaykh: It is not ribawi (based on usury).
The questioner: ... I don't know, meaning you take annually ... long-term loans after review ... reaching the rights of citizens, preserving some funds for him ... , but this is close to one of ... is it permissible ... ?
The Shaykh: Are the loans you named, what do you mean, loans in the true sense of a qard hasan (benevolent loan)?
The questioner : ... .
The Shaykh : Yes?
The questioner : ... .
The Shaykh: Where did it go?
The questioner: In the first place, after ... .
The Shaykh: Where is the negation of riba (usury) that you negated?
The questioner : ... .
The Shaykh: And what? Indeed, deeds are judged by their endings. - In the name of Allah - .
The questioner: What do you have ... .
The Shaykh : Yes?
The questioner: Now, did you leave it for us?
The Shaykh: The people of Makkah know its valleys best, and the owner of the house knows what is in it best. I have no knowledge. If you have knowledge, inform us of it, especially inform us of the aspect by which it is distinguished from the other banks that deal in riba (usury).
The questioner: The decisions that were put in place now.
The Shaykh: We spoke about this just now.
The questioner: Placing money in exchange for a customary amount in exchange for profit ... .
The Shaykh: If that is the case and it is not in the previous form; then it is a permissible matter.
The questioner: ... It is said that we, meaning the process of speculation, meaning we cannot determine the percentage of profit ... , a month may yield for you or it may not, or you may be able to, meaning the percentages are changing, it may yield seven percent, it may yield nothing.
The Shaykh: The percentages may change, but the quarter and the third do not change; meaning - for example - the capital earns five percent, ten percent, a quarter, twenty-five, and it may not earn, but when the percentage is ten percent, he takes ten percent; whether it is thousands or hundreds; meaning the percentage is fixed in one way and not fixed in another way, which is that the profit is agreed upon at fifteen or twenty percent, and then according to the total profit and on the condition we mentioned just now; every money that is invested in a type of speculation does not mix this speculation with another speculation, and we collect all these profits and distribute them among all the partners. I heard this statement just now. So if there is no such mixing, and there is a definite percentage that may go down, may decrease, and may not earn - as I said -; then this is the permissible speculation, and we hope that the matter is so.
Please proceed.
The Shaykh: It is not ribawi (based on usury).
The questioner: ... I don't know, meaning you take annually ... long-term loans after review ... reaching the rights of citizens, preserving some funds for him ... , but this is close to one of ... is it permissible ... ?
The Shaykh: Are the loans you named, what do you mean, loans in the true sense of a qard hasan (benevolent loan)?
The questioner : ... .
The Shaykh : Yes?
The questioner : ... .
The Shaykh: Where did it go?
The questioner: In the first place, after ... .
The Shaykh: Where is the negation of riba (usury) that you negated?
The questioner : ... .
The Shaykh: And what? Indeed, deeds are judged by their endings. - In the name of Allah - .
The questioner: What do you have ... .
The Shaykh : Yes?
The questioner: Now, did you leave it for us?
The Shaykh: The people of Makkah know its valleys best, and the owner of the house knows what is in it best. I have no knowledge. If you have knowledge, inform us of it, especially inform us of the aspect by which it is distinguished from the other banks that deal in riba (usury).
The questioner: The decisions that were put in place now.
The Shaykh: We spoke about this just now.
The questioner: Placing money in exchange for a customary amount in exchange for profit ... .
The Shaykh: If that is the case and it is not in the previous form; then it is a permissible matter.
The questioner: ... It is said that we, meaning the process of speculation, meaning we cannot determine the percentage of profit ... , a month may yield for you or it may not, or you may be able to, meaning the percentages are changing, it may yield seven percent, it may yield nothing.
The Shaykh: The percentages may change, but the quarter and the third do not change; meaning - for example - the capital earns five percent, ten percent, a quarter, twenty-five, and it may not earn, but when the percentage is ten percent, he takes ten percent; whether it is thousands or hundreds; meaning the percentage is fixed in one way and not fixed in another way, which is that the profit is agreed upon at fifteen or twenty percent, and then according to the total profit and on the condition we mentioned just now; every money that is invested in a type of speculation does not mix this speculation with another speculation, and we collect all these profits and distribute them among all the partners. I heard this statement just now. So if there is no such mixing, and there is a definite percentage that may go down, may decrease, and may not earn - as I said -; then this is the permissible speculation, and we hope that the matter is so.
Please proceed.
Source
www.al-albany.com
The Arabic text is copied verbatim from the original source, without any edits.