Know Your Deen

Islamic QA for North America

fixed returns as described by you would be a no no

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Q: I have an opportunity to be part of an investment where i would get a fixed return of 20%.  i would place 20 000 and get back 4000 in a single year.  Thanks?

A: Your query and concern regarding religious maters is well appreciated.

The transaction that you have described would fall under the category of interest (riba.) This would be impressible as per deen.

Allah Certainly Knows Best.

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