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Question ID: 23389
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assala mu alaikum
i need to purchase a commodity for my business but do not have the funds
a muslim person has the funds but wants a profit on the transaction
the commodity cost R6800.00 a ton i am willing to pay him R200.00 a ton

R6800.00 X 70 = R 476 000.00
200.00 x 70 = 14 000.00
how can we structure this transaction islamically i would pay him R490 000.00
in instalments over four months
salaams

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Asked on June 6, 2010 12:00 am
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Private answer
Make him share holder of the deal. You can pay in installments.
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Answered on June 6, 2010 12:00 am
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