Business & Finance · Subtopic
Buying, Selling & Trade
1,711 fatawa from 8 South African Darul Iftas on Buying, Selling & Trade, part of Business & Finance. Newest first; every fatwa links to the page where its Darul Ifta published it.
Subtopics are grouped from each Darul Ifta’s own categories and the fatwa titles, so the count is approximate.
By Darul Ifta
Buying, Selling & Trade fatawa — page 40 of 43
- Ask Imaam21 Dec 2011
Is it permissible for a teacher to buy a cell phone from his student who is 16 year old for a price which is less than the market price?
I have a student who is 16 year old. He uses a cell phone and I am interested in buying it and he willing to sell it, but the issue is that the…
Mufti Hussein Issa - Ask Imaam14 Nov 2011
Can I take out a loan to buy a car?
I am an 18 year old student in college. I work and go to school to help support my family and get an education. I drive about 80-100 miles a day and…
- Ask Imaam22 Sep 2011
Is Zakat paid at cost price of the stock or at selling price?
Most businessmen I know pay Zakat on stock in trade at cost price, not selling price.Please confirm which is the correct value to be used?
Mufti Hussein Issa - Ask Imaam4 Jul 2011
We both work and try to save money. I want to buy a house instead of renting. Am I wrong to ask my wife to invest it in a property? Am I wrong to ask for her help.
I have been married for 10 years now and I have always provided my wife with everything. At the moment I live in a rented accommodation where I pay…
Muftī Ebrahim Desai - Ask Imaam4 Jul 2011
I live in Newyork and i would like to know if i can borrow loan from a bank to buy house ?
I live in Newyork and i would like to know if i can borrow loan from a bank to buy house as you know bank will engage me in interest (riba)…
Muftī Ebrahim Desai - Ask Imaam29 Jun 2011
1. I have invested little money with agents who give 7% commission on every transaction. Would it be correct to... 2) we store potatoes as a normal practise. But when we store it, the price is reasonably low and when we see the market is fair enough high we sell it.?
Assalamu-alai-kum W.R.A, I hope you must be in good health. I am seeking fatwa in the situation below having two parts; please follow, Part ONE I…
Mufti Ishaaq E. Moosa - Ask Imaam2 Jun 2011
Is the anything dua or wazeefa I can read which will help me find another job asap? Or is there a dua which can make my job bearable? I am not a good seller in the bank because I feel very uncomfortable selling these haraam products and this means I that I get a lot of stress and pressure when I am in branch as I don't hit target ever. Please help me.
I am a practicing muslima, read salat and wear Islamic clothing. I try to remember Allah at all time and pray Almighty forgive me for any sinful…
Muftī Ebrahim Desai - Ask Imaam1 Jun 2011
Selling Customer Receivables to a Bank
Suppose I have 1 million in Receivables which are outstanding from various customers. The customers have agreed to pay in Installments in 2-3 yrs.…
Muftī Ebrahim Desai - Ask Imaam4 Oct 2010
As alamualikum. I am working in a buying house. Based on the price of accessories we quoted a rate for a item to the buyer but once the the buyer placed the order
As alamualikum. I am working in a buying house. Based on the price of accessories we quoted a rate for a item to the buyer but once the the buyer…
Ml. Rayhaan Docrat - Ask Imaam4 Oct 2010
My wife has exchanged old notes with the new notes where she pay slightly higher for the new notes. She will use the new notes to be given to children of relatives during the Eid day. I told her that this is riba transaction and ask her to give the new notes to the children with the
My wife has exchanged old notes with the new notes where she pay slightly higher for the new notes. She will use the new notes to be given to…
Ml. Abduz Zaman - Ask Imaam27 Jun 2010
Normally in our society Salesmen order from a company over the phone things like lumber, stoves etc .. and they then sell it i.e. they get it delivered
Normally in our society Salesmen order from a company over the phone things like lumber, stoves etc .. and they then sell it i.e. they get it…
Ml. Ebrahim Desai - Ask Imaam10 Jun 2010
I am thinking of buying/investing in Gold through the following company on the internet and wanted to check whether doing so would be according to Shariah.
Dear Respected Scholars, I am thinking of buying/investing in Gold through the following company on the internet and wanted to check whether doing…
Rayhaan Docrat - Ask Imaam10 Jun 2010
I am thinking of buying/investing in Gold through the following company on the internet and wanted to check whether doing so would be according to Shariah.
Dear Respected Scholars, I am thinking of buying/investing in Gold through the following company on the internet and wanted to check whether doing…
Rayhaan Docrat - Ask Imaam17 May 2010
Are muslims allowed to invest money in share market or buy shares in company's?
Are muslims allowed to invest money in share market or buy shares in company's?
Ml. Yusuf bin Yaqub - Jamiat KZN30 Apr 2010
Resale of SWC tickets (Jamiat TVL)
I have purchased tickets to some games of the upcoming world cup. Am I allowed to sell them after adding a mark up? The rules of the seller state…
- Ask Imaam4 Mar 2010
can i sell my fixtures in my business for a high amount with out stock.can i there after sublet the same premises to the buyer for an amount since i have not included my roller shutters and electric fencing in the price.
Can i sell my fixtures in my business for a high amount with out stock.can i there after sublet the same premises to the buyer for an amount since i…
- Ask Imaam4 Mar 2010
can i sell my fixtures in my business for a high amount with out stock.can i there after sublet the same premises to the buyer for an amount since i have not included my roller shutters and electric fencing in the price.
can i sell my fixtures in my business for a high amount with out stock.can i there after sublet the same premises to the buyer for an amount since i…
- Ask Imaam23 Feb 2010
At my previous job at a publicly traded software firm, I received, as part of my compensation package, stocks of the employer corporation. I did not have to pay anything for these stocks out of my own pocket. Now, I would like to sell these stocks...
I have read the fatwā on stocks in limited liability companies at Muftī Desai's site. In light of this fatwā, I have the following query. At my…
Mufti Abrar Mirza - Ask Imaam16 Nov 2009
1) What if someone buys the meal with no intention to win the prizes? Since he bought the meal, they gave him the coupons and he scratched it and won something, is the win considered halal?
1) What if someone buys the meal with no intention to win the prizes? Since he bought the meal, they gave him the coupons and he scratched it and…
Ml. Asif Umar - Ask Imaam8 Nov 2009
i heared a fatwa about "mortgage" is that in north america muslims can buy one house n one car on mortgage or lease,so i want to just verify this fatwa that can i buy a house on...
i heared a fatwa about "mortgage" is that in north america muslims can buy one house n one car on mortgage or lease,so i want to just verify this…
Ml. Sajid bin Shabbir - Ask Imaam5 Aug 2009
I am selling my business and like to know how much zakaat i am liable for. My fixtures and fitting valued at r250000 and i am selling for r750000.stocks is seperate and i will pay 2.5% on the value once calculated.beside the stock how much more must i pay.sukran.
I am selling my business and like to know how much zakaat i am liable for. My fixtures and fitting valued at r250000 and i am selling for…
Ml. Abrar Mirza - Ask Imaam9 Jun 2009
Selling a Kruger Rand for more than its face value
Can one buy and sell a Kruger Rand for more than its face value?
Faizal Dhada - Ask Imaam19 May 2009
Is the sale / purchase of manure fertilizer permissible? Manure fertilizer is used for grass on a football field. The field is watered from time to time. Should I avoid playing in those areas until the fertilizer reduces to dust?
Is the sale / purchase of manure fertilizer permissible? Manure fertilizer is used for grass on a football field. The field is watered from time to…
Ml. Mohammed Moola - Ask Imaam22 Apr 2009
1) Can I do Delievery Work in PIZZA shop that sell pork in PIZZA?...2) Can I do work as Sales Assistant where I have to scan Alcohol or HARAM food (like PORK etc) on the TILL?
I am living in UK. I am doing full time job as a Web Developer. But, now as my father is retired and doing no job so from my salary I have to send…
Ml. Abrar Mirza - Ask Imaam22 Apr 2009
I have 1000 us dollars in cash. i have a brother who wants to buy them. the current rate is 10 rands to a dollar. he says he will not be able to pay me cash. i offered to sell him the dollars at 15 rands to the dollar and give him 6 months to pay. all is fixed and agreed. is this permissible.
I have 1000 us dollars in cash. i have a brother who wants to buy them. the current rate is 10 rands to a dollar. he says he will not be able to pay…
Ml. Abrar Mirza - Ask Imaam10 Feb 2009
the business that we have of to bacco glass pipe -- is that a haram business---because i think---- but not sure that if our business of sellings tobacco glass pipe is not halal
We have a business OF DISTRIBUTION of TOBACCO PIPES . Which is made of glass . Some people use this pipe for tobacco smoking and some people use it…
Ml. Ismail Moosa - Ask Imaam6 Sep 2008
Kindly answer the folowing questions for transactions that take place in Dubai:-
Kindly answer the folowing questions for transactions that take place in Dubai:- 1. Can we buy off plan and sell before completion 2. What if 50 %…
Ml. Yusuf bin Yaqub - Ask Imaam2 Sep 2008
In recent days the developers in UAE are selling the properties (flats, villas) on just acquiring the land, before the start of the construction, they just make a plan and take the amount in form of multiple installments like...
In recent days the developers in UAE are selling the properties (flats, villas) on just acquiring the land, before the start of the construction,…
Ml. Yusuf bin Yaqub - Ask Imaam22 May 2008
Is it permissible to regulate the flow of goods and services in order to obtain a premium on the eventual sale of those goods/services?
Firstly I must thank you for the opportunity you have created within this country for Muslims to have their questions answered in the light of a…
Ml. Ehzaz Ajmeri - Ask Imaam4 May 2008
I am a day trader of stocks. Is it permissible to short sell in Islam.?
I am a day trader of stocks. Is it permissible to short sell in Islam. Short selling is the selling of a stock that the seller doesn't own at the…
Ml. Ehzaz Ajmeri - Ask Imaam1 Mar 2008
I live in the uk. I used my indian credit card to buy car insurance in the UK for 68 pounds. The exchange rate at which the credit card company was Rs 79 for 1pound(which is Rs 5372). They charged me in indian rupees....
I live in the uk. I used my indian credit card to buy car insurance in the UK for 68 pounds. The exchange rate at which the credit card company was…
Mufti Ebrahim Desai - Ask Imaam23 Feb 2008
I wanted to know if someone is taking a student loan (with interest on it) and there is some extra left, can he use that money to buy a grave for himself?
I wanted to know if someone is taking a student loan (with interest on it) and there is some extra left, can he use that money to buy a grave for…
- Ask Imaam10 Feb 2008
Is it permissible to regulate the flow of goods and services in order to obtain a premium on the eventual sale of those goods/services? (i.e. withholding stocks so that market prices may surge)
I have one question regarding Trade and Industry in Islam and would like it answered with the view of large corporations or conglomerates.…
Ml. Ismail Moosa - Ask Imaam5 Feb 2008
My understanding of fatwa 15981 is that it is not permissible to buy shares or invest in the stock market.
Assalamualiakum, My understanding of fatwa 15981 is that it is not permissible to buy shares or invest in the stock market. However, this fatwa says…
Mufti Ebrahim Desai - Ask Imaam9 Jan 2008
Interest bearing transaction
I want your view about an issue we face in our compure software projects. What happens that my company doesn't take a projects for me that are…
Ml. Ehzaz Ajmeri - Ask Imaam3 Dec 2007
If interest and insurance is haraam,then how can one buy a house without paying interest on the bond or paying insurance for it?
If interest and insurance is haraam,then how can one buy a house without paying interest on the bond or paying insurance for it?
Mufti Ebrahim Desai - Ask Imaam28 Nov 2007
Person A lends some money to Person B, say $500. At the time of lending, $500 will buy you 1 ounce of gold....
Scenario 1: Person A lends some money to Person B, say $500. At the time of lending, $500 will buy you 1 ounce of gold. When lending money, Person A…
Ml. Ahmed Mohomed Pandor - Ask Imaam18 Nov 2007
Should Muslims buy these products from me and will Muslims buy these halal / sharia compliant products even though I am not a Muslim?
I am a non-Muslim but have an interest in Islam. I am thinking about opening a company to sell financial products (such as mortgages, insurance…
Mufti Ebrahim Desai - Ask Imaam28 Oct 2007
Selling a domain name and payment by credit card
Please tell me if the following is OK. I make a website. This website will show an ad which will ask people to have an online CV / Resume. In other…
- Ask Imaam9 Oct 2007
Is cigarette selling is permissible in Islam?...Is it ok to give interest money to him to pay his interest....If somebody mensturbate while fasting, is the fast valid?
1) Is cigarette selling is permissible in Islam? I asked one of the mufti in India he said it is permissible, but I came across one of your fatawa…
Mufti Imran Hatia
Read-only index of fatawa already published by South African Darul Iftas, each linked to its original. Not a fatwa service — for your own situation, ask the issuing Darul Ifta.