Shari’ah perspective on business opportunities : soccer tournament business

Fatawa Question

Assalamu Alaykum wa Rahmatu Allah Wa Barakatuh Dear Brother De. Monzer I have two other questions regarding business dealings. 1-Is it permissible to run a soccer tournament (for profit) were I collect money from all of the teams and I use the collected money to pay myself for my time as an organizer and other expenses such as field fees, referees and cleaning plus either buying gifts for the winners (top four) teams and other small gifts for all participants from the money that I collected or promoting the gifts through my soccer store / company as part of marketing to the store. My company is a corporation and I own 100 % of the company's shares but as you know I am considered an employee in the company. 2-Is it permissible to start a soccer school where I hire paid coaches to train the participating kids and I charge the kids for each session to make profit ? Jazaka Allahu Khair Salamu Alaikum Jamal

Fatwa

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Publication Date

2011-09-20

Main Subjects

Economics & Business Administration
Islamic Studies

No. of Pages

1

Data Type

Fatawa

Language

English

Record ID

BIM-732071

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