{"id":8796,"date":"2017-01-03T17:59:39","date_gmt":"2017-01-03T17:59:39","guid":{"rendered":"http:\/\/daruliftabirmingham.co.uk\/?p=8796"},"modified":"2017-01-03T17:59:39","modified_gmt":"2017-01-03T17:59:39","slug":"equity-money-and-terms-of-interest","status":"publish","type":"post","link":"https:\/\/daruliftabirmingham.co.uk\/home\/equity-money-and-terms-of-interest\/","title":{"rendered":"Equity money and terms of interest"},"content":{"rendered":"

\n\tFatwa ID: 02059<\/strong><\/span><\/span><\/span>\n<\/p>\n

\n\tAnswered by <\/strong>Molana <\/strong>Eunus Ali<\/span><\/span><\/span>\n<\/p>\n

\n\tQuestion:<\/strong><\/span><\/span><\/span>\n<\/p>\n

\n\tAssalam u Alaikum:
\n\tIt has been immense pleasure to reach you may Allah grant our prayers.
\n\tDear, There is condition which frustrate me with brainstorming outcomes. If I invest on something and practically do not strive diligently to earn profit but just have to wait and become equal partner in profit and loss. Though it is not one side deal I am liable to loss as well. What will be your decision over this type of trade. Is this would be treated as "HALAAL" OR "HARAAM".
\n\tYour valuable information and keen decision will be highly appreciated and would take effective notice. In Sha Allah<\/span><\/span><\/span>\n<\/p>\n

\n\tAnswer:<\/strong><\/span><\/span><\/span>\n<\/p>\n

\n\t\"Bismillah\"<\/a>\n<\/p>\n

\n\tAllah states in the Quran, “Allah has permitted transactions and has forbidden riba(interest)<\/strong>” (Surah Al Baqarah v.275)<\/span><\/span><\/span>\n<\/p>\n

\n\tIn the above mentioned scenario, if the investment does not<\/strong>fit the criteria of Qimar<\/em>(gambling)it will be permissible<\/strong> to make such investments.<\/span><\/span><\/span>\n<\/p>\n

\n\tIn the Hoy Quran Allah \"sub\u1e25\u0101nahu has said:<\/span><\/span><\/span>\n<\/p>\n

\n\t‘O believers!  Wine and gambling and idols and arrows are all works of Shaitan, so avoid them so that you may get salvation. Shaitan only wants hostility and hatred to come between you through wine and gambling, and to prevent you from remembering Allah \"sub\u1e25\u0101nahu and Salah.’<\/strong>  (Surah Al Maaidha v.90 –v.91)<\/span><\/span><\/span>\n<\/p>\n

\n\tIn a nutshell, ‘Gambling’ is the waging of ones wealth with the possibility of gain or total loss. The gain of one person is dependent upon the loss of the other. (Ma’ariful Quran, Volume 1, Page 548-550)<\/span><\/span><\/span>
\n<\/h2>\n

\n\tOnly Allah knows best<\/span><\/span><\/span>\n<\/p>\n

\n\tWritten by Eunus Ali<\/span><\/span><\/span>\n<\/p>\n

\n\tChecked and approved by Mufti Mohammed Tosir Miah<\/span><\/span><\/span>\n<\/p>\n

\n\tDarul Ifta Birmingham<\/span><\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Fatwa ID: 02059 Answered by Molana Eunus Ali Question: Assalam u Alaikum: It has been immense pleasure to reach you may Allah grant our prayers. Dear, There is condition which frustrate me with brainstorming outcomes. If I invest on something…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[17],"tags":[],"_links":{"self":[{"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/posts\/8796"}],"collection":[{"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/comments?post=8796"}],"version-history":[{"count":1,"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/posts\/8796\/revisions"}],"predecessor-version":[{"id":8797,"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/posts\/8796\/revisions\/8797"}],"wp:attachment":[{"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/media?parent=8796"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/categories?post=8796"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/tags?post=8796"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}