I recently made an investment but now am uncertain if the returns are halal. Below is the agreement between me and the company.
- I invested a sum of money for a project in India and have a stake in a portion of the land based on the amount I invested.
- Each month, I will receive 3.5% returns for duration of 60 months. This figure may change at the discretion of the company.
- In the event the project fails, I will stop getting my returns but will get any shortfall of my invested capital once the land is sold. (I will not get anything further if the company is unable to sell the land which I have a stake in)
May I know if this arrangement is halal?