Question
In a business deal, R400,000 was paid as 'Key Money'. The landlord further stipulated that after five years on the basis of the then value of the business goodwill will have to be paid. Are these transactions permissible?
Answer
The transactions are haraam. 'Key Money' is haraam riba. The landlord has to compulsorily refund the R400,000 which was paid to him. The further haraam goodwill to be paid to him after five years is also haraam.
- Source
- themajlis.co.za
- Published in
- The Majlis Vol 20 No 01
- PDF page
- 4
Appears under kills the heart. (Hadith).