Shari’ah perspective on business opportunities : sale of agricultural equipment at inflated prices
السؤال
Dear Dr. Kahf, Assalamu Alaikum, I hope this email finds you in best of shape. I am in Venezuela and, if you may, I need your opinion in a complicated business idea whether it is Halal or Haram. First let me give you an idea about Venezuela. Venezuelan government has tremendous restrictions on buying foreign currencies, as US dollar and Euro. There are only few numbers of products whose importers are supplied by dollars or Euros from the government, such as medical equipment, food commodities and other items the government deems as necessities. As a result importers buying products not supplied by dollars or Euros from the government, use the black market to buy dollars or Euros. The OFFICIAL exchange rate for the dollar is 1USD = 4.3 Bolivars. The dollar exchange rate in black market is 1USD = 16 Bolivars. The business idea is as follows : The Venezuelan government supplies US dollars at OFFICIAL Rate (4.3Bolivars) for agricultural equipment. My idea is to go Brazil and establish a company that buys agricultural equipment from the local market in Brazil (let’s call this company BraCo). Then my company here in Venezuela (let’s call it VenCo) would "buy" from my company in Brazil, BraCo, but for higher price. For example, let’s say BraCo bought a tractor from Brazil local market for 50,000 $. Then VENCO bought this tractor from BRACO for 150,000 $.Now, since a tractor is an agricultural equipment, Venezuelan government would lend VENCO 150,000 $ at official rate (4.3Bolivars). At this point, venco pays 150,000 $ to BRACO, and owes Venezuelan government 645,000Bolivars (or $ 150,000 * 4.3Bolivar / $). Now BRACO has 100,000 $ profit. This $ 100,000 are sold to Venezuelan black market at $ 1 = 16 Bolivar, for 1,600,000Bolivars. From these 1,600,000Bolivars, 645,000 are paid to the Venezuelan government for VENCO'S loan, and the rest, 955,000 Bolivar are pure profit. Is it permissible to do such a business ? My main concern is that I own both of the companies in Brazil and Venezuela that are nominally buying from each other. Please let me know your opinion. Jazak Allah khair, Sleiman
جواب الفتوى
أنقر هنالمشاهدة هذا المحتوى
تاريخ النشر
2012-12-16
التخصصات الرئيسية
العلوم الاقتصادية والمالية وإدارة الأعمال
الدراسات الإسلامية
عدد الصفحات
1
نوع البيانات
فتاوى
لغة النص
الإنجليزية
رقم السجل
BIM-732115
نمط استشهاد جمعية علماء النفس الأمريكية (APA)
Qahf, Mundhir. 2012-12-16. Shari’ah perspective on business opportunities : sale of agricultural equipment at inflated prices. .
https://search.emarefa.net/detail/BIM-732115
نمط استشهاد الجمعية الأمريكية للغات الحديثة (MLA)
Qahf, Mundhir. Shari’ah perspective on business opportunities : sale of agricultural equipment at inflated prices. 2012-12-16.
https://search.emarefa.net/detail/BIM-732115
نمط استشهاد الجمعية الطبية الأمريكية (AMA)
Qahf, Mundhir. 2012-12-16. Shari’ah perspective on business opportunities : sale of agricultural equipment at inflated prices.
https://search.emarefa.net/detail/BIM-732115
قاعدة معامل التأثير والاستشهادات المرجعية العربي "ارسيف Arcif"
أضخم قاعدة بيانات عربية للاستشهادات المرجعية للمجلات العلمية المحكمة الصادرة في العالم العربي
تقوم هذه الخدمة بالتحقق من التشابه أو الانتحال في الأبحاث والمقالات العلمية والأطروحات الجامعية والكتب والأبحاث باللغة العربية، وتحديد درجة التشابه أو أصالة الأعمال البحثية وحماية ملكيتها الفكرية. تعرف اكثر