Partnership with Non-Muslims

I want to start a new business, which involves chemical trading, in partnership with a non-Muslim. Both of us are going to invest equal amounts of money. My question is that is it halal for me to do a business with a non-Muslim partner.

You can make him your partner to the extent of business only. Follow Islamic rules in other religious and social affairs. Furthermore, settle down the dealings of profit and loss in business partnership clearly. However, make it necessary from now that neither you nor your friend would execute any interest based dealing and no speculative activity is carried out.

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