Is selling air conditioners in installments at a fixed price, and contributing shares worth 1000 Riyals to distribute fixed profits based on sales, considered haram or usury?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
There is no objection to selling on credit with an increase in price, nor to (profit-sharing) according to Islamic law, where the capital owner gives a portion of his wealth to someone to trade with it, on the condition that the profit is shared between them according to a mutually agreed upon percentage. If the worker contributes with both his money and his labor, it is a permissible partnership (), provided that the capital of each partner is known and that any equipment he possesses is appraised before his participation.
Summarized from the full answer at Ftawy · imported
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- 144659
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