Partnership with non-Muslims who may indulge with interest : loans to a business with non-Muslim mother
Fatawa Question
I am about to go into business with my mum. I have recently converted to Islam and am trying to change my life to make it as good as I can. My problem is that the business that we are about to go into requires my mum to take a loan out for the machine involved (it is a type of laser hair removal). This involves interest and although this does not bother her it does bother me. The loan is hers but the machine will profit me, and we will be partners in the business. Is there a way to make this Halal ? Would it be okay for me to manage the business and be paid a wage ? I would be grateful for any suggestions that you have. Thank you,
Fatwa
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Publication Date
2000-12-19
Main Subjects
Economics & Business Administration
Financial and Accounting Sciences
Islamic Studies
Topics
No. of Pages
2
Data Type
Fatawa
Language
English
Record ID
BIM-725872
American Psychological Association (APA)
Qahf, Mundhir. 2000-12-19. Partnership with non-Muslims who may indulge with interest : loans to a business with non-Muslim mother. .
https://search.emarefa.net/detail/BIM-725872
Modern Language Association (MLA)
Qahf, Mundhir. Partnership with non-Muslims who may indulge with interest : loans to a business with non-Muslim mother. 2000-12-19.
https://search.emarefa.net/detail/BIM-725872
American Medical Association (AMA)
Qahf, Mundhir. 2000-12-19. Partnership with non-Muslims who may indulge with interest : loans to a business with non-Muslim mother.
https://search.emarefa.net/detail/BIM-725872
