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Online Investment
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) ?
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3 Replies
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Online Investment
updated 4 years, 2 months ago
3 Members
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3
Replies
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The arrangement seems somewhat similar to what happens in government saving schemes, please see:
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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
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Its typing mistake. Profit is 7% per month. I have invested 2 lacs , it’s online business.
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