Musharakah, Mudarabah : share in business with fixed monthly payment
Fatawa Question
Respected doctor I would like to get answer for the following I have a small business running in UAE and going with profit. During our partition at home, my elder brother wants to invest his portion of the money to my business and to get profit each month. It is around 20,00,000 Indian Rupee. So I agreed and will pay a small profit around 15,000 INR per month depending on the income. I told him this will vary depends on the profit or loss and there will be yearly calculation. I would like to know is it Islamically ok, if not ok what I should do so that it is fully Islamic. Thanks in advance Musthaq
Fatwa
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Publication Date
2012-09-21
Main Subjects
Financial and Accounting Sciences
Islamic Studies
Topics
No. of Pages
1
Data Type
Fatawa
Language
English
Record ID
BIM-734609
American Psychological Association (APA)
Qahf, Mundhir. 2012-09-21. Musharakah, Mudarabah : share in business with fixed monthly payment. .
https://search.emarefa.net/detail/BIM-734609
Modern Language Association (MLA)
Qahf, Mundhir. Musharakah, Mudarabah : share in business with fixed monthly payment. 2012-09-21.
https://search.emarefa.net/detail/BIM-734609
American Medical Association (AMA)
Qahf, Mundhir. 2012-09-21. Musharakah, Mudarabah : share in business with fixed monthly payment.
https://search.emarefa.net/detail/BIM-734609
