I have invested in a construction business run by a friend of my dad’s.
I receive a fixed amount of “profit” every month, this fixed amount was agreed by both parties at the time of investment, it is not based on a percentage of the profit but rather just a fixed pre agreed amount. There is however a share in the risk in that if the investment/project fails then it is of course understood I will not receive any profit and my capital could be lost
E.g. I have invested £30k, I receive a fixed amount of £350 every month for 12 months, then at the end of the 12 months my £30k is also returned to me
This is all a verbal agreement and without any official paperwork
Is this type of investment halal? As I believe some scholars quote ijma on the impermissibility of receiving a fixed amount on an investment like this, is this however more nuanced? Or is it outright haram? Or perhaps I’m mistaken?
Jazakumullaahu khairan and apologies for the long-winded question. Any guidance would be appreciated