هل يجوز لمساهم في شركة إقراض الشركة أموالاً بفائدة؟

Company A which is a Dubai DED, LLC company wants urgent money - AED 100,000 - to operate its business. There are 2 partners in this company - Mr. X and Mr. Y.

Mr. X says he has no money right now, so he tells the company to go to the bank.

Mr. Y says he can "lend" the money to the company, but wants to charge the company 1% interest per month.

If company A goes to the bank, the bank will charge 2% interest per month. So it is cheaper for company A to actually take a loan from its existing partner Mr. Y.

Question: Is it legal for Mr. Y who is a partner in the company to charge interest per month on the money he has loaned to the company?

Yes, definitely.

There is a newspaper article that states lending is not permitted by an individual.

Then how can a shareholder charge interest at a certain rate per month?

Interest can be included legally in the form of profits he used to lend to the company.

For example, in exchange for profits of 5%. Profits here replace interest, but you will find in the UAE businessmen and personal credit offices gave loans with relative interest whether it is legally permissible or not.

The data of your question may vary, so the answer differs.