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Earning by Organising a Sports tournament permissible?

Q:

I want to organize sports tournament with entry fees. I will give 80% cash prize to winning team from collected entry fee. I take 20 % of cash for myself. My question is that it is halal or haram to take this money as a Organizer.

A:

Wa Alaykum al-Salam

Thank you for your question.

It’s perfectly fine. It will be counted as you payments for your efforts.

With regards
S.S.Jaffery.