The Majlis Archive

Finance - Banking - Business The Majlis Vol 20 No 12, p.3

I am the sole agent for certain products.

Question

I am the sole agent for certain products. Is it permissible to sell the agency?

Answer

It is not permissible to 'sell' or hand over the agency in lieu of payment. The object which is being sold is not material commodity (maal), the deal will therefore not be permissible.

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The Majlis Vol 20 No 12
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Appears under Questions and Answers (approximate).

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