The Majlis Archive

Finance - Banking - Business The Majlis Vol 26 No 12, p.6

Muslim motor vehicle dealers not only openly promote and advertise for kuffaar banks and their riba based transactions but also share in the haraam sp

Question

Muslim motor vehicle dealers not only openly promote and advertise for kuffaar banks and their riba based transactions but also share in the haraam spoils (RIBA) of the Haraam transactions in the form of commissions (staggering figures), which they non-chalantly receive from the riba institutions for signing up clients for these Riba institutions. Is this permissible?

Answer

Obviously it is not permissible to promote riba transactions. The 'commission' paid for signing up clients is not permissible. It is not permissible for a Muslim dealer to be a party to a riba transaction. The customer should make his own arrangement with the bank.

View on themajlis.co.za
Published in
The Majlis Vol 26 No 12
PDF page
6

Appears under ‘DIGITAL PICTURES (approximate).

Was this page helpful?