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Pay Diamond Company Business is an interest based business or is it permissible

Financial Transactions,Trade and Business,Pay Diamond Company Business is an interest based business or is it permissible

Fatwa No :
34664
| Date :

Fatwa No : 34664
Pay Diamond Company Business is an interest based business or is it permissible
معاملات / مالی معاوضات / کاروبار

Pay Diamond Company Business is an interest based business or is it permissible

Question: I want to know if Pay Diamond Company Business is an interest based business or is it permissible. Some of my friends take part in doing business with this company and they are telling me that I should join also, but first I want to be sure. Please guide me.

الجوابُ حامِدا ًو مُصلیِّا ً

It is clear that the method of the mentioned includes interest as well as many other things that is unapproved of as per Shari’ah, for which the scholars of Islam have determined that the method of the mentioned company is not permissible as per Shari’ah. For this reason, it is not proper for one to take part in doing business with this company, and it should be avoided.
And Allah knows best.

مأخَذُ الفَتوی

قال اللہ تعالی: { يَاأَيُّهَا الَّذِينَ آمَنُوا اتَّقُوا اللَّهَ وَذَرُوا مَا بَقِيَ مِنَ الرِّبَا إِنْ كُنْتُمْ مُؤْمِنِينَ (278) فَإِنْ لَمْ تَفْعَلُوا فَأْذَنُوا بِحَرْبٍ مِنَ اللَّهِ وَرَسُولِهِ وَإِنْ تُبْتُمْ فَلَكُمْ رُءُوسُ أَمْوَالِكُمْ لَا تَظْلِمُونَ وَلَا تُظْلَمُونَ (279)} [البقرة: 278، 279]۔

And Allah knows best
Darulifta Jamia Binoria Aalamia

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