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Fixed Payment To Investors Against Amount Taken For Investment In Stock Exchange
Assalamualaikum
I being a CA and having some experience in stock market have taken some amounts from my relatives nd colleagues.I invest those amount in stock market on the condition that their principal would be safe,whole risk is mine and i’v to pay them 4% to 5% monthly..there is no boundation on me,I can earn as much as possible but I’ve to pay them fixed 4%-5% irrespective of the profit or loss..
So now I want to know does it amounts to interest??It should not be done
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