Dear Muslim brothers and sisters.
I'd like to know which of the following forms of income are Halal and Haram.
Situation #1: Person “A” knows how to do a business but he doesn't have money. Person “B” has money but doesn't know how to do the business. Person “A” asking the person “B” to invest money and in return offering to share the profit. So, the person “A” will run the business, and the profit from the business will be divided equally. Invested money will not be returned.
Question #1 Is person “A”’s income Halal in Situation #1? (What if invested money will be returned?)
Question #2 Is person “B”’s income Halal in Situation #1? (What if invested money will be returned?)
Situation #2: Person “X” wants to do a business but he doesn't have money, that is, needs seed financing. Person “Y” has money and person “X” decided to ask him for a help. The person “Y” is agreeing to help under condition if he will get share from the profit.
Question #3 How should person “X” act in Situation #2?
(Brief answers will suffice)