-
Borrowing Money From A Friend For Business
As-salāmu ʿalaykum – ٱلسَّلَامُ عَلَيْكُمْ
A friend of mine has asked this question.
He is a businessman and want to borrow £25,000 from a friend to be used for his business.
He wants to avoid paying interest to his friend.
On what basis he can handle this loan from his friend. How can he pay back profit plus original amount to his friend?
His friend cannot lend him on Qard Hasana basis.
I hope you can advise please.
May Allah reward you immensely- Ameen!
Ahmad Jamal
-
1 Reply
-
Borrowing Money From A Friend For Business
updated 1 month, 2 weeks ago
2 Members
·
1
Reply
-
He can consider it as principal-secured financing in his business.
For details, please refer to the video below from 1:15:47 to 1:20:12
Sponsor Ask Ghamidi
Please sponsor Ask Ghamidi so that we can continue to provide and improve this community platform.
In the last 1920 days, 9,049 registered users have posted 65,791 messages under 19,122 unique topics on Ask Ghamidi.
