Is profit that is fixed before hand considered interest (riba)?

Question:
I have invested Rs. 21 lacs (i.e. 2,100,000) to one of the financial company that deals with clearing and forwarding regarding imports and exports of the country.

As per agreement with the financial officials, I will be given the profit that will not be less than 15% and not more than 18%. Is the profit that I am taking come under domain of interest or simply it is interest free profit.

Response:
It will be riba if the understanding is that you will get profit even if the business incurs a loss. If you agree that in case of a loss you will get no profit and your profit will only accrue to you if there are enough profits generated, then your agreement is islamically legitimate.

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