The Majlis Archive

Category

Finance - Banking - Business

427 answers. Every one links back to its page or issue on themajlis.co.za.

My children attend a Maktab where I pay fees.

The extra fees are not permissible. But today the Deen has been transformed into a commercial enterprise. The Qur'aan is taught for money, not for the Aakhirat. Rasulullah…

The Majlis Vol 25 No 07, p.2

Is it permissible to become an accountant?

It is permissible to become an accountant. But it is not permissible for him to be a party to an interest deal. A Muslim accountant may not write the books of non-Muslims in view…

The Majlis Vol 25 No 07, p.2

I work for an estate agency.

It is not permissible for the employee of the estate agency to act in any way which undermines them (the employers). The measure proposed by the employee is deception and haraam.…

The Majlis Vol 25 No 07, p.4

What is Mudhaarabah?

Briefly, Mudhaarabah is a partnership. The one partner provides the capital while the other partner is the manager. The provider of the capital is called the Rabbul Maal and the…

The Majlis Vol 25 No 08, p.4

In U.K.

The 'maulanas' mentioned by you are not men of Taqwa. Taqwa is not restricted to segregation from females. If they had true Taqwa, they would not complain about the small wage they…

The Majlis Vol 25 No 08, p.7

Zaid charges clients an hourly rate.

It is not permissible for Zaid to deceive people in this manner. Both Taqwa and Fatwa require that Zaid be honest and not harm people deceitfully.

The Majlis Vol 25 No 09, p.3

I am the sole investor in a business.

This type of venture is termed Mudhaarabah. In the Mudhaarabah partnership the active partner (the manager) will be entitled to his percentage share of the profit. If it is 50%,…

The Majlis Vol 25 No 10, p.2