He entered into a partnership with another man to buy a car but later he found out that his partner took a loan from the bank
Q 1:
I entered into a partnership with another man to buy a taxi. After a year, I learned that it was impermissible for me to have entered into partnership with this man because he took out an interest-based loan from a bank
to complete the price of the car. I wanted to withdraw from the partnership and we put the car up for sale. When a buyer came along and learned of this, he decreased 8,000 LE from its original price. Meanwhile, my partner asked for one or two months respite during which he can either sell the car without any losses or find another partner.My question is: Is my share in the profits which the car accrued during this period Halal (lawful) or Haram (prohibited)?
A:
It is Halal because it is the profit accrued through your share in the car. But you must withdraw from this partnership with some person whose money is Haram.May Allah grant us success and may Allah's Peace and Blessings be upon our Prophet, his family and Companions.