Alternatives to interest does fixing the profit in investment make it like interest ?
Fatawa Question
One Textile mill is offering investment Certificates and offer profit between 10-15 % per annum. It means they will give profit on year end not less then 10 % and not more then 15 %. It means profit is not fixed. My question is this that this kind of profit is allowed in Islam or not.
Fatwa
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Publication Date
2002-03-04
Main Subjects
Financial and Accounting Sciences
Religion
Islamic Studies
Topics
No. of Pages
2
Data Type
Fatawa
Language
English
Record ID
BIM-726641
American Psychological Association (APA)
Qahf, Mundhir. 2002-03-04. Alternatives to interest does fixing the profit in investment make it like interest ?. .
https://search.emarefa.net/detail/BIM-726641
Modern Language Association (MLA)
Qahf, Mundhir. Alternatives to interest does fixing the profit in investment make it like interest ?. 2002-03-04.
https://search.emarefa.net/detail/BIM-726641
American Medical Association (AMA)
Qahf, Mundhir. 2002-03-04. Alternatives to interest does fixing the profit in investment make it like interest ?.
https://search.emarefa.net/detail/BIM-726641
