property income

Question ID: 40077

As salaam u alaikum Mufti saheb.
My question can be related to two categories i. e. Halaal investment and zakaat
If one invests an amount of money in a muslim property syndicate(i. e. the money is invested only in buying property and one will receive returns from the rental income that is received).
The company promises a return of a fixed amount eg. 10% pa of the invested amount paid monthly into the investors account.
The question arises:
Is the income of an exact percentage of the invested amount (paid monthly) acceptable as halaal income. There does not seem to be profit sharing of total income.

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Asked on January 1, 1970 12:00 am
Private answer

Fixing in this matter is questionable especially if it then results in a fixed return.

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Answered on January 1, 1970 12:00 am