I have saved up the dividends which the Islamic bank has paid me.
The dividends which these illegitimate rascal banks/ companies pay are haraam riba. There is no Zakaat payable on haraam money. All of it must be eliminated from your possession.…
Category
Finance - Banking - Business
427 answers. Every one links back to its page or issue on themajlis.co.za.
If I send a parcel to a customer via courier and the glasses break during transit and the buyer organized the transport and the buyer will pay for the
If the buyer had arranged and paid for the transport, he suffers the loss. If you arrange the transport, then you are liable.
A customer came and bought an item from me and paid for it but did not take item and said he will take it at another time when comes back this side, s
What you had done was not permissible. The item you had kept was an Amaanat. You had no right to sell it with the intention of replacing it with new stock. Regardless of the new…
Is trading in shares on the stock market permissible?
Trading in the stock market is not permissible. We have explained this issue in articles and booklets which are available on our website. Shares are haraam.
I am a building contractor.
It is haraam. It is haraam to aid on projects of kufr and shirk.
I bought merchandise payable in monthly instalments.
Yes, the condition is permissible. The creditor may demand full payment of the outstanding amount.
About 22 years ago I took a loan of R400 from a friend.
The only way to free yourself from this calamity is to pay the debt to the heirs of your deceased friend. Understand that the currency in which the loan was given to you 22 years…
A man has a voluntary pension fund.
Zakaat is Waajib on the amount he has contributed regardless of him having no immediate access to the money. Zakaat is not currently incumbent on the amount his employer has…
Is long term debt such as a bank loan payable over ten years, deductible from wealth for Zakaat purposes?
No! Only the instalment which is due may be deducted. Since there is no demand for payment regarding long term debt, it may not be deducted.
I would like to seek your guidance regarding the permissibility of using a store fidelity card under the following circumstances: There is a shop that
Purchasing the card is haraam. The ‗fidelity' card is a gambling ticket.
Is it permissible to invest in the Killarney Property investment scheme?
It is a haraam scheme. Investing in this company is not permissible. In fact it is not permissible to invest in any company. All of these socalled investment companies are haraam…
Some Muslim businessmen are contemplating to establish a Muslim retirement village.
1) The very first step for the ‗group of businessmen' is to examine their niyyat. What is the objective for their desire to establish a ‗retirement village'? If the desire is…
I buy and sell cars.
The deal is permissible. However, the condition is that there should be no argument/ dispute. The owner should not later claim more if the item was sold at a high price. Q.I have…
I had purchased Sasol shares for R3,000.
The entire gain of the Sasol shares is riba and haraam. The money you had invested in the company is just like buying a gambling ticket. The money thus invested is lost. The…
Is it permissible to work in a bank‟s IT department?
It is not permissible to work for a bank in any department. It is like working in the IT department of a brothel or of a liquor firm.
A new tenant moved into an apartment.
Since the units belong to the owner, he has the right to stipulate a price regardless of him having paid at the old price.
Is it permissible to invest in a company called Rihlat Muzdahira?
It is not permissible to invest in any so-called ‗shariah compliant' companies. All of these companies are haraam donkey entities. Do not be deceived by their ‗shariah' board crook…
Can an investor set up the business.
It is permissible to sell the assets at any price. The ‗investor' will cease being owner of the assets when the sale transaction has been made. He will be entitled to only the…
I purchased a business along with all the stock, equipment and with everything inside the shop.
The money belongs to the seller of the business.
I have invested a substantial amount of money in the company called “Itminaan Investments”.
ccording to the Shariah what recourse do the investors have? The company simply shrugs off the huge losses saying that according to the Shariah he (the company’s operating manager)…