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  • Riba In Investment

    Posted by Muhammad Aaqil Zia on January 30, 2022 at 1:05 pm

    As Salam Alaikum,

    Dear

    I am doing a job in tobacco company in Pakistan. Every year company offered a investment scheme for employees and distributors to invest money in tobacco business and get profit of 2 to 2.5% per month. Company said they used this money to purchase extra tobacco from market at cheap rates during harvesting season and store for longer time. They used the additional investment for 6 months and give profit on monthly basis. Mostly they give 2.5% fixed profit every month.

    I want to know is this investment comes under RIBA category? Is this Hala or Haram?

    Plz give me clarity.

    Waiting for quick reply.

    Regards

    M Aaqil Zia

    Farhan Saiyed replied 2 years, 1 month ago 2 Members · 1 Reply
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