{"id":3253,"date":"2021-08-02T10:41:47","date_gmt":"2021-08-02T08:41:47","guid":{"rendered":"http:\/\/themufti.com\/?p=3253"},"modified":"2021-08-02T10:41:48","modified_gmt":"2021-08-02T08:41:48","slug":"giving-a-loan-with-a-condition-of-a-partnership","status":"publish","type":"post","link":"https:\/\/themufti.com\/?p=3253","title":{"rendered":"Giving a loan with a condition of a partnership"},"content":{"rendered":"\n\n<h4><strong>Giving a loan with a condition of a partnership<\/strong><\/h4>\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<p><strong>Q. A businessman approached me to offer me a loan to start up my business after my shop was looted. He also asked for a 20% shareholding in my business. Can I accept the loan and give him a 20% shareholding in my business<\/strong>?<\/p>\n\n\n\n<p><strong>A. <\/strong>In principle, it is not permissible to derive any benefit from a loan as it is tantamount to interest (Riba).<\/p>\n\n\n\n<p>Thus, in the enquired situation, if the businessman intends to offer you a loan to start up your business, he cannot ask for a 20% shareholding in your business. He will only be entitled to the repayment of the principle amount of the loan as asking for a 20% shareholding in your business is tantamount to interest (Riba).<\/p>\n\n\n\n<p>If the business man is interested in deriving benefit from your business, then you may offer him a shareholding in your business by entering into a partnership with him without the condition of loan. <strong>(Al-Ikhtiyaar Li-Ta\u2019leelil Mukhtaar 2\/33<\/strong>)<\/p>\n\n\n\n<p><strong>Allah Ta\u2019ala Knows Best<\/strong><\/p>\n\n\n\n<p><strong>Mufti Ismaeel Bassa<\/strong><\/p>\n\n\n\n<p><strong>themufti.com<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Giving a loan with a condition of a partnership Q. A businessman approached me to offer me a loan to start up my business after my<span class=\"excerpt-hellip\"> [\u2026]<\/span><\/p>\n","protected":false},"author":7,"featured_media":3256,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[61],"tags":[],"class_list":["post-3253","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trade"],"_links":{"self":[{"href":"https:\/\/themufti.com\/index.php?rest_route=\/wp\/v2\/posts\/3253","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=3253"}],"version-history":[{"count":1,"href":"https:\/\/themufti.com\/index.php?rest_route=\/wp\/v2\/posts\/3253\/revisions"}],"predecessor-version":[{"id":3254,"href":"https:\/\/themufti.com\/index.php?rest_route=\/wp\/v2\/posts\/3253\/revisions\/3254"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/themufti.com\/index.php?rest_route=\/wp\/v2\/media\/3256"}],"wp:attachment":[{"href":"https:\/\/themufti.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3253"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/themufti.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3253"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/themufti.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3253"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}