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  • Islamic Sharia

    Online Investment

    Posted by Yasir on July 31, 2021 at 12:59 am

    There is a website B4U Global “Business company”, I have invested some dollars, every day I get profit of 7%.

    Will this profit be considered interest (Sood/سود) ?

    Yasir replied 4 years ago 3 Members · 3 Replies
  • 3 Replies

  • Online Investment

    Yasir updated 4 years ago 3 Members · 3 Replies
    Islamic Sharia

  • Umer

    Moderator July 31, 2021 at 12:17 pm

    The arrangement seems somewhat similar to what happens in government saving schemes, please see:

    Discussion 1276

  • Deleted User 7113

    Member July 31, 2021 at 12:30 pm

    How you can get 7% profit daily. It’s impossible for any business or investment to get this much profit. It means 210% profit per month and about 2400% per annum. However you have to check how do they use your investment. If it’s loan then the profit is interest. If it’s investment in the Capitol then it’s profit but there should be some adjustment after a given period according to profit of organisation

    • Yasir

      Member August 3, 2021 at 2:31 pm

      Its typing mistake. Profit is 7% per month. I have invested 2 lacs , it’s online business.

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