The nature of Riba and rationale of prohibition : seeking for clarification on interest

السؤال

Assalamu Alaikum.. Kindly through some light on the term interest based on Quraan and Hadith. A, B and C are decided to form a partnership firm to do certain business on the following terms : 1. Capital contiribution will be as follows : A- 10 lakhs, B-5 lakhs, and C-1 lakh 2. Interest @ 12 % on capital + profit-drawings will be given to each partner. 3. Net profit after deducting all expenses including interest on capital will be shared between the partners in the ratio 55 : 35 : 15 or as mutually agreed among the partners. A. Whether above mentioned terms is permissible in Shariah ? or not ? B. Whether terms (2) above will come under the definition of Riba, as there is no lending ? C. If both the above question is not permissible, Please advise how to give return on investment to each partner in the above situation. awaiting your kind reply. Jazakkallah.. Kamarudeen

جواب الفتوى

أنقر هنالمشاهدة هذا المحتوى

تاريخ النشر

2006-04-07

التخصصات الرئيسية

العلوم الاقتصادية والمالية وإدارة الأعمال
الدراسات الإسلامية

عدد الصفحات

2

نوع البيانات

فتاوى

لغة النص

الإنجليزية

رقم السجل

BIM-790206

• APA
• MLA
• AMA