Question
Is the 'diminishing musharakah' partnership business halaal?
Answer
The hybrid 'diminishing musharakah' concept forged by scholars for dollars for the benefit of the capitalist riba bank is baatil. It is haraam. We have explained in detail, in refutation of this baatil scheme.
- Source
- themajlis.co.za
- Published in
- The Majlis Vol 22 No 06
- PDF page
- 4
Appears under Questions and Answers (approximate).