{"id":1706,"date":"2019-07-08T16:07:14","date_gmt":"2019-07-08T14:07:14","guid":{"rendered":"http:\/\/themufti.com\/?p=1706"},"modified":"2019-07-08T16:07:16","modified_gmt":"2019-07-08T14:07:16","slug":"how-does-one-compensate-for-using-an-interest-based-loan-for-a-start-up-business","status":"publish","type":"post","link":"https:\/\/themufti.com\/?p=1706","title":{"rendered":"How does one compensate for using an interest-based loan for a start-up business?\u00a0"},"content":{"rendered":"<h4><strong>How does one compensate for using an interest-based loan for a start-up business?\u00a0<\/strong><\/h4>\n<hr \/>\n<p><strong>Q. Years ago, I was not inclined to Deen. So a friend of mine asked me for a R100.000.00 loan and I gave it to him on interest for a R150.000.00 return. After he repaid me the interest loan of R150.000.00, I used the same money to start-up my business which is a multi-million Rand buisness Today. I am concerned about the interest money I used to start my multi-Million Rand business. Is my entire business Haraam or just the interest portion of it?<\/strong><\/p>\n<p><strong>A.<\/strong> As a general rule, it is Haraam for person to take or give interest loans. If an interest loan had been taken or given to a person, the interest money has to be returned to its original owner. A person should make sincere Taubah and Istighfaar for involving himself in such loans.<\/p>\n<p>In the enquired case, the Halaal profit earned from your capital investment (interest) to your start-up business over the years is Halaal. The capital investment of interest to your start-up business will not affect the status of your Halaal profit of your multi Million Rand business Today. However, the interest portion of your capital investment (R50.000.00) to your start-up business is Haraam for you and has to be returned to your friend.<\/p>\n<p><strong>Note:<\/strong> It should be kept in mind that this is a case of a person giving an interest loan and benefiting from it negligently or ignorantly. Otherwise, it is not allowed at all for a person to do so intentionally or make this a means or source of his income.<\/p>\n<p><strong>Allah Ta\u2019ala Knows Best<\/strong><\/p>\n<p><strong>Mufti Ismaeel Bassa<\/strong><\/p>\n<p><strong>themufti.com<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>How does one compensate for using an interest-based loan for a start-up business?\u00a0 Q. Years ago, I was not inclined to Deen. So a friend of<span class=\"excerpt-hellip\"> [\u2026]<\/span><\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[61],"tags":[],"class_list":["post-1706","post","type-post","status-publish","format-standard","hentry","category-trade"],"_links":{"self":[{"href":"https:\/\/themufti.com\/index.php?rest_route=\/wp\/v2\/posts\/1706","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/themufti.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/themufti.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/themufti.com\/index.php?rest_route=\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/themufti.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1706"}],"version-history":[{"count":1,"href":"https:\/\/themufti.com\/index.php?rest_route=\/wp\/v2\/posts\/1706\/revisions"}],"predecessor-version":[{"id":1707,"href":"https:\/\/themufti.com\/index.php?rest_route=\/wp\/v2\/posts\/1706\/revisions\/1707"}],"wp:attachment":[{"href":"https:\/\/themufti.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1706"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/themufti.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1706"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/themufti.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1706"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}