Business & Finance · Subtopic
Buying, Selling & Trade
1,718 fatawa from 9 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 43 of 43
- 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 - Ask Imaam1 Apr 2002
What is the fatwa about selling ebooks on Internet?
Dear Sir, Please consider my entire situation. I have a weight loss info website and I sell a weightloss ebook cum a complete plan which I have…
Mufti Bilaal Cassim - Ask Imaam15 Mar 2002
Is it pemissibale to deal in currencies on the foreign exchange markets.Whereby you buy and sell rands,dollars.etc.
It is permissible to buy and sell foreign currencies. Dealing (purchasing and selling) in foreign currency is termed as Bay-us-Sarf. The Fuqahaa…
Mufti Ebrahim Desai - Ask Imaam14 Mar 2002
Can i buy a car with interest?
Assalumalaikum I intend buying a car and have only 2 options of purchasing it .The one option would be to buy the car from a relative and pay 25%…
Mufti Ebrahim Desai - Ask Imaam7 Mar 2002
How much profit are we allowed to make on any business transactions? Shukran
There is no profit restrictions in Shari'ah. However, it is disliked to exceed double the profit margin of the market. and Allah Ta'ala Knows Best…
Mufti Ebrahim Desai - Ask Imaam18 Jan 2002
A wants to buy house from B, but cannot afford it. The bank due to delinquency forecloses the house owned by B. Can A purchase house in an auction held by a) the Bank, b) by government agency?
It is permissible to purchase a house in an auction. and Allah Ta'ala Knows Best Mufti Ebrahim Desai
Mufti Ebrahim Desai - Ask Imaam3 Jan 2002
I am 40 years old married I want to find out if can buy a house on bank financing because the rent is going up day by day and the salary is not increasin by that ratioo what is your opinion.
When financial circumstances become constraint, we are required to decrease our spending and live within our means. We are not allowed to get…
Mufti Ebrahim Desai - Ask Imaam4 Nov 2001
1. Is short sales of stocks is Halaal. 2. Is it permissible to goto a person's house and eat when one knows that the income is partially haram. 3. Is it allowed to do iftaar in the masjid.
1. Is it allowed to buy the shares when the values are low and then sell them in 2-3 weeks when they go up by 10-15% in order to make money? 2. I…
Mufti Ebrahim Desai - Ask Imaam8 Sep 2001
Can we sell & buy items at an aution.
If I sell an item and put a reserve price of say R100 and the bidders bid R200, can I conclude the sale at R200? Likewise can I bid for an item and…
Mufti Ebrahim Desai - Ask Imaam24 Jun 2001
Can you own a post office the salary of which is based on traffic, main income of which will be banking transactions.
The income of post office is paid monthly on commission basis, the main transactions upto 70% of the income was up unti 2003 made of benefit and…
Mufti Ebrahim Desai - Ask Imaam28 May 2001
Salaams. Can i trade Forex? (ie) buying and selling currencies. The trading is during a period of a single day. Is it halaal to trade these currencies?
We are busy researching forex and are having discussions with their administration on the matter. and Allah Ta'ala Knows Best Mufti Ebrahim Desai…
Mufti Ebrahim Desai - Ask Imaam26 May 2001
Is it permissible for the architect to set up a business which would buy the product and resell it to the client at a profit?
A person building a house seeks the advice of his architect to design the interior of his house. Is it permissible for the architect to set up a…
Mufti Ebrahim Desai - Ask Imaam16 May 2001
I am trying to save some money so that I can buy a house. Until I have enough money to buy a house, should I keep this money in a interest-free bank account or interest-bearing bank account?
I am trying to save some money so that I can buy a house. Until I have enough money to buy a house, should I keep this money in a bank account where…
Mufti Ebrahim Desai - Ask Imaam5 May 2001
As an accountant, i record interest transactions of my clients. Is this ok
Some clients of mine have bonds, overdrafts, loans, etc. I was not involved in these transactions that they took out. But as an accountant, i have…
Mufti Ebrahim Desai - Ask Imaam4 Apr 2001
There are three partners in a business. One of the partners is old and ill. The other two have proposed to buy his share.
The one partner has agreed to sell his share in instalments over a period of 5 years. What is the Shar?ee ruling if the seller passes away before…
Mufti Ebrahim Desai - Ask Imaam31 Mar 2001
Is Tax-Evasion permissible in Islam ? Vat is charged separate from selling price so does not belong to the business.
Respected Brother-in-Islam Assalaamu Alaykum Wa Rahmatullaahi Wa Barakaatuhu Q: Is it a sin to conceal one's actual income to the government to…
Mufti Ebrahim Desai - Ask Imaam31 Mar 2001
No barakah We do not buy any luxuries just pay for utilities what could we be doing wrong.
Every time my husband brings money home the money goes straight out. There is no barakah at all. We do not buy any luxuries just pay for utilities…
Mufti Ebrahim Desai - Ask Imaam18 Mar 2001
Christian buying a house on mortgage for you and selling it to you at the end of mortgage
One of my colleague at work who is a Christian was constantly asking me why don?t I buy a house. I told him that I cannot do so because I cannot…
Mufti Ebrahim Desai - Ask Imaam8 Dec 2000
Is it permissible for an accountant to record the transaction of interest in the company's books.
I read in a hadith that the person who writes interest is also cursed. But I am not to clear as to what the hadith implys to. Does it imply to the…
Mufti Taqi Usmani Saheb - Ask Imaam2 Dec 2000
I work as a waiter for a Muslim who sells indian food as well as alcohol.If I stay away from selling those alcohol, would the money i get from that place be Halaal or Haraam? Thank you Imam Sahib.
The guy who owns that resturant is like a big brother to me. He needs me to work for him there, as he trusts me and believes in me. But I am…
Mufti E. Desai - Ask Imaam23 Oct 2000
I work as a salesperson in a mobil phone co. Is this job haram if this company is publicly traded?
According to my parents a job in a company is haram if they started their business by borrowing money on interest. It is also haram if they are…
Mufti Ebrahim Desai - Ask Imaam5 Oct 2000
A person buys a Vodacom starter pack on which a R29.00 voucher has been already loaded, records SMS, andb then throws the simcard away, is this permissible?
A person buys a Vodacom starter pack on which a R29.00 voucher has been already loaded. He then uses the R29.00 for his calls, thereafter, he sends…
Mufti Ebrahim Desai - Ask Imaam2 Oct 2000
What if somebody is involved in stock exchange, and doing short selling and long selling.
Respected Brother-in-Islam Assalaamu Alaykum Wa Rahmatullaahi Wa Barakaatuhu a) Joint Stock Exchange - ref below b) What do you mean by shortselling…
Mufti Ebrahim Desai - Ask Imaam30 Sep 2000
Is selling sculptures like animals, statues of people that have faces permissible. I would be buying these from a wholesaler, and not crafting or making it myself.
I would like to know if it is permissible before I commence my business. I would be buying them from a wholesaler, and reselling them to the general…
Mufti Ebrahim Desai - Ask Imaam15 Sep 2000
Is paying interest on federal government loan for buying house Halal, with the intention of legally saving excessive federal income tax?
The federal government charges 16-40% income-tax on gross income every year. However if I take loan from the federal government money for buying a…
Mufti Ebrahim Desai - Ask Imaam7 Sep 2000
What about visiting a Muslim friend whose husband is selling an alcohol?
To sell alcohol is a sin. To associate with a sinful person is incorrect as that indicates complacency to the sin. However, if one is able to…
Mufti Ebrahim Desai - Ask Imaam27 Aug 2000
Please advise if it is acceptable to approach a conventional bank to effect an asset based transaction where the interest rate and the period of re-payment is fixed?
If the conventional bank offers a loan on interest, it is not permissible even if the interest rate is fixed. The Qur'aan expressly prohibits every…
Mufti Ebrahim Desai - Ask Imaam27 Aug 2000
Buying a house if the price is 160k Cash the owner gives you for 180k and divides the instalment over 1 yr is this ok .
.Is there any condition with which loan could be taken from bank .Could you give the details of mufti taque usmani fatwa in this regards.
Mufti Ebrahim Desai - Ask Imaam27 Aug 2000
Is buying a house on mortgage allowed in islam? Here in uk some ulama say it is allowed due to the high cost of living ,is this true?
It is not permissible to purchase a house on interest (mortgage). One may fulfil his need by renting a house. and Allah Ta'ala Knows Best Mufti…
Mufti Ebrahim Desai - Ask Imaam27 Aug 2000
Selling property with fake 'interest' to gain tax relief.
We have negotiated a sale of a property at R1 million cash or R2 millionpayable over 12 months in equal instalments. Our accountant has advised usto…
- Ask Imaam27 Aug 2000
I purchased 100 shares from a company that has dealings with breweries and Hustler. Is the money acquired from the sale of such shares Halaal?
The company has dealings in MediaPrinting, publishing Hustler and Scope magazines and also deals with SABreweries.
- Ask Imaam27 Aug 2000
Is it permissible to buy and sell stocks?
A Muslim can acquire the shares of a joint stock company with the following conditions: 1. The main business of the company must be Halaal…
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