[Repaying a loan from Haram money]

Fatawa Question

As-Slamu `Alaykum. Please, answer this, it is extremely urgent. I used to own a liquor store so I know the money I earned from that is 100 % Haram. I want to start my own business and I plan to borrow money from my friend to do this because his money is Halal. I don’t want to use the money from the liquor store for this. However if the business doesn’t do well and I don’t make any profit, I plan to pay him back using my Haram money (from the liquor store). If the business does well I will pay him back using the Halal money from that but only if I don’t make a good profit, I will pay him back with the liquor store money. My question is : does the fact that I intend to pay him back with 100 % Haram money (if I don’t make good profit) make his money Haram for me to use for setting up the business ? Will his money become Haram for me ?

Fatwa

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Publication Date

2012-09-29

Main Subjects

Financial and Accounting Sciences
Islamic Studies

Topics

• Islamic jurisprudence
• Corruption
• Loans
• Money

No. of Pages

1

Data Type

Fatawa

Language

English

Record ID

BIM-733568

• APA
• MLA
• AMA