Fatwas and legal rulings

If the contract for which he is responsible for investment financing is based on feasibility studies and investment accounts, and it is free from gharar and damage, and fulfills the interests of its parties, then it is permissible by Sharia, and it should not be called a loan. Because this causes confusion with the rule “every loan that brings a benefit is usury.” the details .... This is legally defined as a financing contract between the Fund and the party in charge of the project, and investment or real estate financing contracts between banks, corporations or public associations on the one hand and between individuals, institutions and companies on the other hand, are in fact new contracts that achieve the interests of their parties. What the fatwa has to do is: that it is permissible to create new contracts that are not named in the inherited jurisprudence, as long as they are free from deception and harm, and fulfill the interests of their parties, as was suggested by Sheikh Ibn Taymiyyah al-Hanbali and others. The living reality has changed with a set of controlling sciences. Such as feasibility studies, operations research, statistics and accounting, and the nature of communications and modern technologies has changed, with which a new meaning must be defined for ambiguity and harm. Also, the legal personality represented by the state and public bodies and associations has provisions that differ from the provisions of the natural personality; Where the jurists considered four points of change of rulings, among them the change of rulings according to the nature of people; They decided - for example - that no zakat is due on the endowment money, the mosque, and the bayt al-mal, and the permissibility of borrowing the endowment with profit when needed. It is imperative that this contract not be called a loan; This causes confusion with the rule “every loan that brings a benefit is usury,” and the loan is one of the attachment contracts, while the financing is one of the compensation contracts. Based on that and in the case of the question: If the contract for which he is responsible is investment financing based on feasibility studies and investment accounts, and it is free from gharar and harm, and fulfills the interests of its parties, then it is permissible and there is nothing wrong with it according to Sharia. only God knows.