Invest Crowdfunding France : Ex Raisers

Everyday Islamic Finance Personal and Family Finance
#1

Salam Alaikom,

I live in france
I have a question about crowdfunding.
This is this offer: Basically, the investment consists of investing for example 1000 €. After 24 months, you get your captial + 10% Gain => 1200 €.
The loaned money is used to finance real estate projects.
Here is a sample project: https://www.raizers.com/index.php?page=deals-presentation&id=580

There is of course 2 risks:

  • On the payment target date, alaways, there is a delay on the delivery of the project
  • Also, loss of capital, if the project does not succeed.

Questions: is this kind of investment halal or haram? it’s clearly not sukuks but more assimilated to Bonds.

Barakallaho fikom.
B.A

#2

Wa alaykum salaam,

Is it a loan as a structure?

#3

Salam,

I think it is a kind of a corporate bond.

Minimum Bond value = 1000 €
Maturity = 24 months
Gain = 10% per year

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#4

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indeed, it’s a corporate bond

#5

Assalaamu alaykum,

In that instance, it is not Shariah compliant.