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 42 of 43
- Ask Imaam1 Apr 2004
credit card - sales to customer on budget facility, am I assisting in a interest transaction ?
Assala-mu-Alaikum Mufti, we have a retail outlet and have +/- two transactions a month whereby the customer requests that his purchase be placed on…
Mufti Muhammad Kadwa - Ask Imaam24 Feb 2004
question about selling templates and earning money online using pondonline.com
Asalamalaykum Mufti saab i have question.this site www.templatemonster.com sells website layouts .i downloaded layouts from other people for…
Mufti Ebrahim Desai - Ask Imaam16 Feb 2004
What is the best trade according to hadith?
Rasoolullah (Salla Allahu alayhi wa sallam) was asked concerning the best income. He (SAW) replied "The sale with which the seller seeks a Halaal…
Mufti Ebrahim Desai - Ask Imaam12 Jan 2004
Renting a place to a person selling Motor(Vehicle) Insurance
Is it permissible for a muslim to rent a shop premises to a person who is going to use it for selling Motor (Vehicle) Insurance?
Mufti Ebrahim Desai - Ask Imaam8 Jan 2004
Is it permissible to work as a computer programmer in the IT department of a bank bearing in mind that I do not come into contact with any interest transactions ?
It is prohibited in terms of Shari?ah to take up a job at institutions such as banks. Although banks have other sources of income, but due to…
Mufti Ebrahim Desai - Ask Imaam16 Dec 2003
invested money with real estate broker - buying 6 lands will have a profit of 10-12%, if I need to withdraw my money earlier before completion of project, I’ll get my money back with only 5% profit
I have invested my money with a real estate broker who gave me a study of an investment of buying 6 lands which will have a profit of almost 10-12%…
Mufti Ebrahim Desai - Ask Imaam18 Nov 2003
Buying a Car on a fixed installment ...According to the bank (reserve bank laws) I have to insure this financed car. Would it be ok to then accept it with insuring the car?
1)A bank is willing to finance me for a car at a fixed rate over 48 months. The rate is calculated at a percentage (2% over prime) and remains fixed…
Mufti Muhammad Kadwa - Ask Imaam10 Nov 2003
Selling of blank CD's with printing done onto it? Can I to customers requiring christmas or birthday greetings printed on the CD
I intend selling CD's whereby I print a thermal or ink printing on the top of the CD. The contents of the CD are blank and the customer records on…
Mufti Ebrahim Desai - Ask Imaam3 Nov 2003
My husband 2 children and I live in a rented flat.We are looking to buy a house of our own but can't seem to find anything that meets our needs.Please give me a du'aa to read.
May Allah make it easy for you to find a suitable home. Make istighfaar regularly i.e. Say Astagfirullah, as Allah opens a way out for those who…
Ml. Hussein Kadodia - Ask Imaam9 Oct 2003
we see pornographic magazines in newsagent, half income is from mags is it per 2 sell these living in non muslim country and only selling it 2 them plz give advice
Reading pornographic magazines and illicit literature is completely forbidden and abhorred. It is Zina (fornication) of the eyes. It will absolutely…
Mufti Ebrahim Desai - Ask Imaam29 Aug 2003
Is it permissible to buy a house using Al Barakah for financing.The "profit" is fixed and does not change in the course of the loan period. Is this acceptable ?
Is it permissible to buy a house using Al Barakah for financing. This is how their financing works. Assumming the house cost R400.000. The buyer…
Mufti Ebrahim Desai - Ask Imaam24 Jul 2003
I had put some of my personal appliances(fridge,stove,washing machine,etc) up for sale and then one person offerd to buy all of them.
He came back the next day and said that he only wanted to buy the fridge which I was selling for 150$ but I told that he agreed to buy everything…
Mufti Ebrahim Desai - Ask Imaam30 May 2003
Selling of Coffins to non-Muslims...1. I would like to know if it is permissible to sell coffins to non-Muslims with the intention of providing it at cheap and reasonable prices?
1. I would like to know if it is permissible to sell coffins to underprivalged people that are non Muslims with the intention of providing it at…
Mufti Ebrahim Desai - Ask Imaam28 May 2003
Is it permissable to offset your transaction fees from a bank with interest earned in the same account?
Interest monies must be given to the poor and needy who are eligible to accept Zakaat without the intention of reward. However, interest received…
Mufti Ebrahim Desai - Ask Imaam28 Apr 2003
Can Interest earnings be used to buy extra gratuties for your domestic employees without intention of reward?
If, after u have fulfilled your obligation to your domestic employee by remunerating them with halaal earnings,can u thereafter buy them additional…
Mufti Ebrahim Desai - Ask Imaam25 Apr 2003
I would like to know if buying house thru Guidance Financial Group of Falls Church, VA, USA is OK. Their sharia board has Mufti Taqi Usmani as an advisor.
This the reply they gave to my questions: Our Declining Balance Co-Ownership Program has been carefully designed to meet your needs. Under the terms…
Ml. Imraan Vawda - Ask Imaam11 Apr 2003
If my family is dealing with some interest-related transactions in the family business then will I be eating Haram also?
I'm a 22 year old student and am currently dependant upon my family in terms of expenditure etc. What can I do to prevent them & myself from the…
Mufti Ebrahim Desai - Ask Imaam10 Apr 2003
I need to buy a car. Albaraka Bank's pre-Requisites I cannot meet as I do not have so much to put down as deposit. will it be permissible to take a bank loan on interest?
I only have a 10% deposit for a car that's R50000. Is there any one other bank that will assist me without interest besides Albaraka ?
Mufti Ebrahim Desai - Ask Imaam30 Jan 2003
1. Whether doing chartered accountancy is prohibited in Islamic Sharia and apply and suggest on every aspect of financial transaction
1. Whether doing chartered accountancy is prohibited in Islamic Sharia. and apply and suggest on every aspect of financial transaction 2. If I am…
Mufti Taqi Usmani - Ask Imaam30 Jan 2003
I buy a pair of shoes for £30 but £10 of this is stolen and rest is halaal. Is it possible for me to turn the now haraam shoes into halaal by giving £10 to charity with intention of making shoes halal
Please could you tell me if it is possible to turn a haram item into a halal one. Example: I buy say a pair of shoes for £30 but £10 of this is…
Mufti Ebrahim Desai - Ask Imaam22 Jan 2003
Me and my roompartner decide to buy a book costing 3000 by puting in half the money each(1500 each). the book is left with me, i dont want to keep it all for my self because he also had contributed
I stayed in a hostel with my roompartner. After sometime many persons including me boycotted my roompartner because he used to steal things. After i…
Mufti Ebrahim Desai - Ask Imaam17 Jan 2003
My questions are in terms of selling products and services that may indirectly lead to sins but the choice is how the purchaser or user uses it?
1. Selling of Radios? 2. Selling of Televisions? 3. Selling of Computers? 4. Selling Internet Service (Dial-up service)? 5. Being a Taxi driver and…
- Ask Imaam23 Nov 2002
I have a tamil neighbour who buys fruit/sweets for our children. She assures us that she buys only halaal. She also has an interest acc at ABSA. Can my children consume her food?
This good offering of your neighbour should be welcomed. You should use this as a means of getting them closer to Islam. We suggest you educate your…
Mufti Ebrahim Desai - Ask Imaam19 Nov 2002
Please explain to me in detail the rulings regarding poultry farming. Many of the fowls are kept for Sale, and some chicks are kept for slaughter.
Poultry farming is permissible. We do not get the drift of your query. What exactly are you trying to query? Kindly advise and we will attempt to…
- Ask Imaam30 Oct 2002
Selling Haram meat to non-muslims - would like to start frenchise restaurant business that will have all haram meat
As salam-o-alaikum I have been living in USA and would like to start frenchise restaurant business that will have all haram meat. Will it be…
Mufti Ebrahim Desai - Ask Imaam4 Oct 2002
Is it permissible to buy share on the stock market?
I have asked, and found out that it is permissible to buy shares on the stock market. But however ity later dawned on me that most, if not all…
Mufti Ebrahim Desai - Ask Imaam21 Sep 2002
Are we allowed to purchase gold on credit for resale purposes.eg.jewellery store.
It is permissible. and Allah Ta'ala Knows Best Mufti Ebrahim Desai
Mufti Ebrahim Desai - Ask Imaam11 Sep 2002
A building that was used as a bar is on sale. I wish to buy and re-sell it. However, I am sure that I will only be able to re-sell it to some-one who will open another bar in its place. May I do so?
Allah Ta'ala says, 'And do not assist in sin and transgression.' (Maaidah Aayat2) Since in this situation, you are sure that the building will be…
Mufti Ebrahim Desai - Ask Imaam4 Sep 2002
is it haram to buy something from someone knowing it had been stolen? whether a bike, a stereo system, etc, is it haram?
In Islam, it is prohibited to purchase anything that has been stolen. Reason being the way the person got that article to sell was gained by Haraam…
Mufti Ebrahim Desai - Ask Imaam24 Aug 2002
I have a contract with an auditing firm. Is it permissible to audit financial institutions eg. banks and transactions involving financial instruments eg. Options, Forwards, etc.
Stock Options By Mufti Taqi Usmani ------------------------------------------ Q.) I need to know if the following share trading is permissible in…
- Ask Imaam17 Aug 2002
Is option (CALLS & PUTS) trading (http://www.cboe.com/LearnCenter/Basics.asp) Halal?This is and example of how to buy and sell CALLs.
A has 100 shares of XYZ stock with today?s (8/30/02) market price of $100 per share. A makes a transferable contract (CALL) with B to sell XYZ stock…
Moulana Imraan Vawda - Ask Imaam30 May 2002
I intend buying a house through Albarakah bank. Is their form of finance in accordance with Shariat ?
Assalamu-Alaikum Mufti Saheb I intend buying a house through Albarakah bank . Is their form of finance in accordance with Shariat ? Was Salaam
Mufti Ebrahim Desai - Ask Imaam30 May 2002
LARIBA wants the amount the other shareholder owes towards the remaining shares/units". Question#1: Does such a transaction/contract constitute riba? Is this transaction permissible under Sharia?
A question related to #4086Respected Mufti Ebrahim Desai Saheb, As-Salam Alaikum! I have two related questions (#4086 in Business Matters) regarding…
Moulana Imraan Vawda - Ask Imaam15 May 2002
Is it allowed to buy extended warrenty by paying additional price on electronics
Extended warranty is either purchased with the item or later. If the warranty is purchased with the item, it is permissible. and Allah Ta'ala Knows…
Mufti Ebrahim Desai - Ask Imaam15 May 2002
In a sale transaction, does there have to be a representative present at the time of the transaction for every party involved in the transaction?
For example, when using a credit card or debit card, the buyer and seller assume that the bank or credit card company (third party) will pay out the…
Mufti Ebrahim Desai - Ask Imaam13 May 2002
please tell me If its ok to buy government bonds interest or matures over long period of time, also please tell me the meaning of name Shahzad
1. The purchase of such government bonds is not permitted as they involve Ribaa (interest) which is vehemently prohibited by Islam. 2. The meaning…
Mufti Muhammad Kadwa - Ask Imaam7 May 2002
It's allowed by Voyager for someone to buy a ticket with his miles for someone else.Is it allowed to sell the ticket purchased with your miles,knowing that it's not permissible to sell miles
It is permissible to sell one's ticket obtained by voyager. That is regarded as a sale of the reserved seat and not the miles. and Allah Ta'ala…
Mufti Ebrahim Desai - Ask Imaam6 May 2002
Can you please explain the difference between question 192 and 5425, since the employers health cover is also financed via interest transactions.
Question 192 refers to an individual personally taking out a health insurance. That is prohibited. Question 5425 refers to a pension scheme offered…
Mufti Ebrahim Desai - Ask Imaam24 Apr 2002
Is it Halal to use rent of a shop selling Movies Videos and CDS?
Three years ago, I booked three shops in under construction shopping centre and gave payments on monthly basis in installments. Unfortunately after…
Mufti Ebrahim Desai - Ask Imaam22 Apr 2002
Can Muslims buy products from any retailer no matter how far that retailer maybe? And How has pricing on particular products maybe?
According to the Shari'ah, a Muslim may purchase products anywhere. Being far is no restriction. The Fuqahaa (jurists) have advised that the value…
Mufti Ebrahim Desai
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