Can I accept an ADVANCE payment for an item, though I do NOT have the item in stock. But, I have the raw material to make it.
Question
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Can I accept an ADVANCE payment for an item, though I do NOT have the item in stock. But, I have the raw material to make it.
Answer
This is referred to as Istisnaa.
You may accept payment in advance provided the customer knows exactly what you are going to manufacture for him and the price is agreed upon.
and Allah Ta'ala Knows Best
Mufti Muhammad Kadwa
FATWA DEPT.
CHECKED AND APPROVED: Mufti Ebrahim Desai
- Answered by
- Mufti Muhammad Kadwa
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