Fatwa #2824210 February 2014Canada

Advise on opening a business without being involved in interest

Answered by Ismail DawoodjeeChecked by Mufti Ebrahim Desai

Question

I would like to open a business inshaAllah but does not want to be involved in interest. Please advise how should I go about this.

Answer

In the Name of Allah, the Most Gracious, the Most Merciful.

As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.

Your question is unclear. What do you mean by “this”? Are you trying to ask how you can access interest free finance to establish a business?

And Allah Ta’āla Knows Best,

Ismail Dawoodjee

Student Darul Iftaa
Zambia

Checked and Approved by,
Mufti Ebrahim Desai.

www.daruliftaa.net

#19466Living in a house bought through a loan from the bank. 2. Earning money from business running with interest. 3. Going for Umrah or Hajj every year while involved in interest.
#15865I want to ask you can the woman go for work..For going in Tablighi Jamat or Haj Is it nesscesssary that I need to ask my parents permission..Is applying forLoan permissible with or without Interest.
#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?
#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?
#17760I want to move out of home as my family are involved with interest and Haraam
#6973Are Muslims allowed to operate and own businesses, if interest is needed to get them up and running (and almost all businesses need interest to start off unless the business is paid for in cash).
#19055I want to open an interest account to give interest money to poor people, is it allowed? Can I use this interest money for my parents, especially for Hajj?
#193321. Could I consider IT Project Management within conventional banking / finance without any involvement with interest? 2.Could you advise some lifestyle change to allow me to pray Fajr without having any major effects on sleep and the ability to wake up in the morning for work?

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