Banking: Using Silent Partnership Funds to Buy Property**

Practical Laws of Islam as per the teachings of Imam Khamenei

Banking: Using Silent Partnership Funds to Buy Property**

English:

Question #1915:

I procured money from the bank to fund a silent partnership venture. Is it permissible to make use of this money to buy property?

Answer #1915:

The capital of a silent partnership is deemed a deposit with the recipient. Thus, the latter should have no right of disposal over the money, except for trading in it as the contract between the two parties dictates. Should the recipient, unilaterally, spend the money in any other avenue; his action would amount to usurpation.

-Imam Khamenei, Practical Laws of Islam, Importance and Conditions of Banking