Question

Dear Sir(s),
AsSlaamu Alaikum Wa Rahmatullaahi Wa Barakaatuhu!

Is it allowed to make an investment in a Data Center and Cloud Services company.
The company name is M/s Kloudya Networks Limited and is a public limited company and based in Hyderabad.

The company states that, they are in early stages of operations and will not give any returns to its investors for first 3 years. After 3 years, the profit will be distributed as per the Company's Act of India.

Kindly let us know, if you require any further details.
If yes, kindly share us the email address to which we can share the details.

Jazaakamullah Khairan!

Thanks and Regads,
Gaus Maniyar
+91 8790053028

Answer 1

Ref. No. 1922/44-1822

In the name of Allah the most Gracious the most Merciful

The answer to your question is as follows:

What are the procedures of this company, how the profit will be distributed, and what are its rules? These points should be included in the question. So kindly write your question in detail explaining the company principles, procedures, job details and profit distribution method etc.

And Allah knows best

Darul Ifta

Darul Uloom Waqf Deoband