Shabahat kazmi asked 3 years ago
Salam, i have recently invested money that i took from 2 people and im acting as a middle man as i have not invested any money. I have not disclosed them the exact profit on the return and i take the 50-60% of the profit my self and distribute the rest amongst them.also, im taking the commission on it. Im giving fixed profit to one of the investors i took money from. Please tell me whether it is right in the light of Shariah becuase according to sunni mufti’s, it is not the right way. Im worried i might be earning that is forbidden in Islam
mehdi answered 3 years ago
أعوذ بالله من الشيطان الرجيم
بِسْمِ ٱللَّٰهِ ٱلرَّحْمَٰنِ ٱلرَّحِيمِ
As Salaamu Alaikum Wa Rahmatullahi Wa Barakatuh,
Based on your specific question and information provided.
We can not comment on the issue, you need to look into your regional securities laws.
We will provide you with general guidance regarding business contracts or transactions.
From the Jurisprudence Perspective: At the basic level, the contract or the agreement, is based on full Disclosure and the Terms and Conditions agreed between two legally authorized parties.
والله العالم
(and Allah(awj) Knows best)
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