Trade & Business Archives

Are Reverse Auctions or Dutch Auctions Permissible?

Question: Are reverse auctions or Dutch auctions halal? [Question Published as Received] The Fatwa In the Name of Allah, the Most Gracious, the Most Merciful The Answer It is permissible…

Is possession necessary at the time of the transaction?

Question: Is it necessary to take possession of the article of trade or the purchase price at the time of transaction? Answer: In the Name of Allah, the Most Gracious,…

Am I entitled to a return of a payment for an unavailable service?

[vc_row][vc_column][vc_column_text]Question: Aslaamu alaykum, I am a member of a gym. I pay monthly to use the gym. In May, I paid in the beginning of the month. However, the gym…

Selling items with the declaration ‘sold as seen’

Question: Is it permissible to sell items with the condition ‘sold as seen’? Answer: In the Name of Allah, the Most Gracious, the Most Merciful. As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh. One…

Brokerage and charging commissions

Question: 1. What is the difference between a Dallaal and a Simsaar دلال and سمسار? 2. Can brokers charge commission and if so how? Answer: In the Name of…

Is it permissible to repay a loan in a foreign currency?

Question: Say that I borrow 100 pounds from somebody and agree with him that the debt should be repayed in Pakistani rupees. If the 100 pounds corresponds to 14 945…

What is the ruling on exchanging Rands for Rands?

Question: What is the ruling on exchanging rands for rands? For example: Ahmad needs change for a R100 note, so Muhammad takes the note and gives him the only 3 R20…

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Trade & Business

Are Reverse Auctions or Dutch Auctions Permissible?

Is possession necessary at the time of the transaction?

Am I entitled to a return of a payment for an unavailable service?

Selling items with the declaration ‘sold as seen’

Brokerage and charging commissions

Is it permissible to repay a loan in a foreign currency?

What is the ruling on exchanging Rands for Rands?

What is the ruling of deferred change after purchasing an item?

Is a 99 year lease agreement Shari’ah compliant?

I am considering starting a cake business and wanted to know the Islamic ruling on whether I can sell birthday cakes?

Is it permissible to open a current account in a conventional bank?

Are inverse ETFs, stock options and naked options permissible?

Consuming Medication in Porcine Gelatine Caspules

Where should Damm and Sadaqa for Ihram violation be paid?

Can I work in the Risk and Compliance department of a conventional bank?

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