Fatwa #1016311 December 2003United States of America

Can I take money from a Mushrik who wants to invest in my business??

Question

I am a practising Muslim and own a business that I am trying to raise money for. Can I take money from a Mushrik who wants to invest in business?? Also can I take money from some one who owns a store that sells alcohol drinks???

Answer

It is permissible to invest a Mushrik's money in a business.

and Allah Ta'ala Knows Best

Mufti Ebrahim Desai

#193451. I have invested little money with agents who give 7% commission on every transaction. Would it be correct to... 2) we store potatoes as a normal practise. But when we store it, the price is reasonably low and when we see the market is fair enough high we sell it.?
#16884Mahomed wanted to open a business. He approached his friend Zaid for help. at partnership(50/50). Mahomed invested R60000.00 and Zaid invested R60000.00 plus the equipment..How do Zaid and Mahomed dissolve this partnership?
#32714I am currently doing business of distribution of food products by taking money from people
#22873There are two persons that want to start a business. One of them is going to invest in the business and the other is just going to look after the business. Could you kindly give me the options that they may use and how will the profits be shared?
#26827Can I claim back my invested money from my partner who negligently lost it in business?
#19356We both work and try to save money. I want to buy a house instead of renting. Am I wrong to ask my wife to invest it in a property? Am I wrong to ask for her help.
#43250Taking from entrusted money
#14892What I want to do is give the inventory away to poor people for free what I wanted to ask is, what do u advise me on doing with the inventory

Something wrong with this record?

Question

Answer

Related rulings