عربي
16 Rabi al-Thani 1442  ,  02 December 2020

The Four Schools of Islamic ... Date Added: 30-09-2019

The Culture of Building Date Added: 03-02-2019

Mawlid: Revival of the ... Date Added: 19-11-2018

Glimpses on the Birth of ... Date Added: 19-11-2018

Statement on the so-Called ... Date Added: 30-01-2020

Ijtihad & Taqlid Date Added: 27-01-2020

Significance Behind Prophet ... Date Added: 10-11-2019

Prophet Mohammad (PBUH): ... Date Added: 07-11-2019

Fatawaa


Subject : Islamic Ruling on Taking Commission for Mediating between Borrower and Lender

Fatwa Number : 3562

Date : 15-03-2020

Classified : Allowance, Ration

Fatwa Type : Search Fatawaa


Question :

Is it permissible to take brokerage fees for helping someone to borrow a certain amount of money from someone else, knowing that the borrowed amount is to be paid off without any addition?



The Answer :

Praise be to Allah, The Lord of the Worlds.

Taking a brokerage fee for helping someone to borrow a certain sum from someone else is classified, according to Islamic Jurisprudence, under Ju`alah, which is taking a certain amount against delivering a certain task.

This transaction is considered an act of mediation between borrower and lender in return for a commission, and this is permissible according to Shafie and Hanbali jurists. It is stated in al-Shirbini`s book "Moghni al-Mohtaaj, V.3, P.35", "If he told someone, "Help me borrow a hundred and take ten as a commission," then the latter is Ju`alah." Also check the book "Kha-Shaaf Al-Khina`, V.3, P.319" by Al-Bahooti.

In conclusion, it is permissible to take a commission for mediating between a borrower and a lender provided that the loan contract complies with the stipulations of Sharia, the commission is specified before the middleman does his part, and the task (Mediation) is accomplished. However, when the middleman fails to perform his task, he isn`t entitled to receive the commission. Moreover, it is prohibited to mediate for a usurious loan. And Allah The Almighty knows best.




Comments

 

Name *

E. mail Address *

Country

Comment Title *

Comment *

 
 

Warning: this window is not dedicated to receive religious questions, but to comment on topics published for the benefit of the site administrators—and not for publication. We are pleased to receive religious questions in the section "Send Your Question". So we apologize to readers for not answering any questions through this window of "Comments" for the sake of work organization. Thank you.