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Answers: 13Subcategories: 2Transactions
Rulings on Conservatorship and Bankruptcy
The bankrupt is the one who has debts that are greater than the wealth he owns. If the creditors ask the court to establish conservatorship and divide among them the wealth that the debtor has, the judge must respond to that. If any debts remain unpaid, then they are still owed by the one who is bankrupt until Allah blesses him with wealth whereupon he must repay these outstanding debts.3,389Can a Business Partner Take Salary in Mudarabah?
It is not permissible for the worker who does business with the capital in a Mudarabah project to have a fixed monthly salary; he is not entitled to anything except the share agreed upon between him and the financier.3,920Is It Permissible to Study Futures Contracts?
There is nothing wrong with studying futures contracts and other financial contracts and dealings even if they are prohibited, subject to two conditions: 1. that the student should have enough Islamic knowledge to be able to distinguish between contracts that are permissible and those which are prohibited, 2- he should believe that what Allah has prohibited of such contracts is prohibited.20,164Fake Reductions on Special Occasions
Deceiving the customer and telling him that the price of the item is fifty, and that the price has been reduced to thirty for a special occasion, such as `Eid for example, even though there has been no reduction at all, is clearly lying.3,523Can a Muslim Do Business with a Non-Muslim?
It is permissible for a Muslim to enter into a business partnership or work with a disbeliever or an evildoer. The Messenger of Allah gave Khaybar to the Jews to work the land and cultivate it, in return for which they would have half of its yield.11,096He bought a piece of land, then he found out that it had been seized by force from public property
2,579Is he sinning if he rides the bus standing, because the rules do not allow that?
4,001He is paying money and will get an apartment in five years’ time
1,728There is a piece of land that the owner left behind when he travelled forty years ago; is it permissible to remediate it and make use of it?
2,139He buys goods when they are available and plentiful, and sells them when the prices rise. Is this hoarding or profiteering?
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