Is it permissible to invest with Albaraka Bank?
Al Baraka is worse than conventional non-Muslim banks. We have published many articles on the haraam shenanigans of Al Baraka. See our website.
Category
Finance - Banking - Business
427 answers. Every one links back to its page or issue on themajlis.co.za.
The Islamic banks have a deal called 'diminishing mushaaraka'.
The 'diminishing musharaka' is a haraam riba deal deceptively dubbed 'musharaka'. It is not permissible to buy a property in terms of this stupid haraam concept.
I trust you are in the best of health.
Each partner is liable for his/her own Zakaat. However, the partners may instruct the manager of the business to pay their Zakaat from the funds of the business. Zakaat is not paid…
What is the Islamic perspective of eclipses of the moon and sun?
A lunar or a solar eclipse is a natural phenomenon created by Allah Ta‟ala just as the phenomenon of the phases and changes of the moon and of sun rise and sunset. It is a creation…
I have two banking accounts in different banks.
No, it is not permissible to use the interest received from one bank to pay the bank charges of another bank.
The government takes about 20% of the price we pay for petrol/diesel.
Since the 20% tax is not paid directly to the government, but is included in the price of the petrol, it may not be paid with interest.
At work I sometimes use the equipment for my personal work.
It is not permissible to use any equipment or time of your employer for your personal work. You require the employer‟s permission for this.
Moulana Hakim Dr Latib is selling land at this estate for believers who wish to move away from Fitnah as advertised.
The Jibalus Salam Project is not permissible. The agreement is cluttered with a host of conditions which are faasid (corrupt). These conditions render the entire project haraam. It…
Is it permissible to sell/buy a property „off plan‟ as is the practice in Dubai?
Selling a ‗property' off plan is baseless and haraam. It is not permissible to sell a ghost. Something which does not exist cannot be a commodity for trade. The claim of ‗istisna'…
Is it permissible to study actuarial science?
It is not permissible. The earnings of this profession are haraam.
Can I use interest money to build a toilet in my yard for the workers?
It is not permissible to use interest money for building even a toilet for oneself nor for one's workers in one's yard.
I am purchasing a car from an auction house.
These malpractices are haraam. It is not permissible to pursue your Rizq by adopting haraam practices. Both practic- with acapella in the background. Acapella is shaitaani music.
Is Zakaat paid every year on the amount one has invested in a business?
Zakaat is not paid on the capital invested. The capital is used to run the business and it becomes permeated in the stock, equipment, etc. Zakaat is paid on the stock-in-trade,…
A Muslim company went bankrupt.
According to the Shariah, the shareholders are fully liable for the debts of the company which in terms of the Shariah is a fiction. The shareholders are never absolved of the debt…
My friend (Muslim brother) messaged me that there was a vehicle for sale at a good price, however, it had a fuelling issue but was still drivable.
Your friend is obliged to return the entire amount he had taken from you. His ‗tough' financial straits does not permit him to refrain from refunding the money he had received as…
What is your advice regarding the Jibalus Salaam project?
The Jibalus Salaam Project is not permissible. The agreement is cluttered with a host of conditions which are faasid (corrupt). These conditions render the entire project haraam.…
When laybying and item, can the seller put down conditions for laybye such as: 1) Laybye is for three months.
The first condition is permissible. The second condition is not valid. The item has become the property of the buyer when he paid the deposit. The seller holds it as an Amaanat…
Replacing 4x car tyres is getting costly.
Tyre insurance and all kinds of insurance are haraam. Even the so-called ‗islamic' insurance deceptively dubbed ‗takafol' is haraam.
According to my knowledge, it is not permissible to make a profit from something someone does not own.
1) If the rented property is furnished or some amenities are provided, e.g. stove, fridge, etc., then a profit will be permissible. 2) Yes, the profit will be permissible if…
A mother does catering from home.
It is not permissible for the mother to demand a percentage of the son‟s profit. As his mother she may ask him for anything, but she may not stipulate 20% of his profit.