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(Book 32, Hadith 11) #36454
Spending Qirad Money

SUMMARY: It is not permissible to spend qirad money without the permission of the investor, and if it is done with permission, then there is no harm.

Yahya said that Malik spoke about an agent who had qirad money with him and he spent from it and clothed himself. He said, "He cannot give away any of it, and neither a beggar nor anyone else is to be given any of it and he does not pay anyone compensation from it. If he meets some people, and they bring out food and he brings out food, I hope that that will be permitted to him if he does not intend to bestow something on them. If he intends that or what is like that without the permission of the investor, he must get the sanction of the investor for it. If he sanctions it, there is no harm. If he refuses to sanction it, he must repay it with like if he has something which is suitable as compensation".

TOPICS
money  *  spend  *  investor  *  qirad

QUICK LESSONS:
Seek permission before using someone else's resources

EXPLANATIONS:
This hadith discusses the rules of spending qirad money. Qirad is a type of investment where an investor entrusts their money to another person who will use it for trade or other activities in order to make a profit. In this hadith, it is made clear that any spending from this money must be done with the permission of the investor. If they give their consent, then there is no harm in doing so; however, if they do not give their consent then any expenditure must be compensated with something similar in value. This hadith teaches us that we should always seek permission before using someone else's resources and that we should respect other people's property rights.

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