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Investment With A Fixed Daily Return And The Right To Withdraw Principle
I have a question regarding Invesment. I invest 25k for fruits I have no idea about the business. My contract is the person will give me 350 rupee a day and when I want my money back he will return it. I get 350 day from profits and he takes rest of profit. Is there any objection from sharia?
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3 Replies
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Investment With A Fixed Daily Return And The Right To Withdraw Principle
updated 3 years, 6 months ago
3 Members
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3
Replies
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If you invested the money in the business, then judging only on the little information that you provided, Islamically no objection can be raised on this setup.
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Yes i have phrased it as it is.
thank you
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Sounds like principal secured financing
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