Imam Ali (AS) said, 'Generosity is a means of nearness [to Allah].

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Question ID  4579  -  Business Investment
Can one invest in Term Deposits (Fixed Period investment) in an Islamic Banking Bank which is located in a Gulf Country, the deposits return a variable profit after every month and the profit is declared at the end of the month. The bank is jointly owned by Government organisations + Shareholders which are institutions from different countries (Mainly in Gulf). The bank says the following; -Based on the concept of mudarabah -The depositor provides funds as ‘rabb-ul-maal’ and bank invests these funds as ‘mudarib’ -Based on this relationship, the depositors and bank become beneficiaries of the profit earned -When the joint investment pool earns profit, it is distributed in a pre-agreed ratio between depositors and bank -Profit at competitive rates credited to your account at maturity of the deposit -Profit rates announcement at the beginning of each month for the month passed
 
Answer:-  According to what you have written, it is allowed.
Wassalam
Mohammad Al-Musawi


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Question ID  4461  -  Business Investment
Assalammualaikum Sir, I would like to know what is the meaning and condition of riba in AhlulBayt view.Thanks Wassalam
 
Answer:-  Wa Alaykum Assalam wr wb
You can find details on
www.alsistani.org
Or
www.al-Islam.org



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Question ID  4288  -  Business Investment
Dear Mohtaram Syed Mohammed Al Musawi Sahab, Assalaam Assalaam ! Kindly enlighten me with the reply to the following : In a business of trading (not manufacturing), will it be permissible for a Muslim businessman to add some items like figurines of deities or crucifixes for sale to non-Muslims as part of his overall sales; though the Muslim businessman is not influenced by these items in anyway (Nauzubillah) and is consciously practicing his own faith. Thanks, Wassalaam Arshad Raza Zaidi
 
Answer:-  Wa Alaykum Assalam wr wb
It is not permissible for Muslim to sell or gift or deal with such items
which propagate false deities or crucifixes even to non Muslims. Money
earned from such items is unlawful money.
Wassalam
Mohammad Al-Musawi

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Question ID  4261  -  Business Investment
is there any laws on what and what not to invest in , the types of investments are shares, property,cash and fixed interest. is there any rules and regulations of investments
 
Answer:-  All investments are allowed except in companies or businesses dealing with Haraam (forbidden) acts like usury (shares of usury Banks), alcohol, gambling casinos, un ethical films, companies manufacturing weapons to kill innocents, etc.
Wassalam
Mohammad Al-Musawi

 
Question ID  4165  -  Business Investment
I have a technology to develop a bio gas bottling plant. I have already developed a plant is successfully running here in India (Surat) for our client. Now i wish to develop a bio gas plant for which i need a capital investment of 650000 US$. The bio gas generated costs INR 20/- and is sold at INR 40/-. The profit margin is 100%. As we will in no case go to the bank as interest is involved, it is very difficult to find an alternative investment body. In such case what could be the solution.
 
Answer:-  It is good to look for a partner to provide the required funds.
If you don't find then taking money from non Muslim bank is allowed.
Wassalam
 
Total : 60 Results