The ruling on guaranteeing profit and fixing it at a specific, fixed percentage in investment companies.
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Question:
The questioner says: In this time, cost-plus sales have become widespread in unknown companies, which can be called fictitious. The merchants specify the profit for you, saying, "We will give you five riyals per hundred, or ten riyals, for example." Is this profit lawful or forbidden?
Answer:
Answer: As long as it is in the state you described, where they guarantee you the profit and give you a specific amount, this is not permissible. Profit is shared; if profit is obtained, you have a share of it according to what you agreed upon, and if no profit is obtained, you have nothing. As for guaranteeing the profit, this is not permissible. Also, do not enter into companies that are not honest, my brother.
The questioner says: In this time, cost-plus sales have become widespread in unknown companies, which can be called fictitious. The merchants specify the profit for you, saying, "We will give you five riyals per hundred, or ten riyals, for example." Is this profit lawful or forbidden?
Answer:
Answer: As long as it is in the state you described, where they guarantee you the profit and give you a specific amount, this is not permissible. Profit is shared; if profit is obtained, you have a share of it according to what you agreed upon, and if no profit is obtained, you have nothing. As for guaranteeing the profit, this is not permissible. Also, do not enter into companies that are not honest, my brother.
Source
www.alfawzan.af.org.sa
The Arabic text is copied verbatim from the original source, without any edits.