The Majlis Archive

Category

Finance - Banking - Business

427 answers. Every one links back to its page or issue on themajlis.co.za.

Is it permissible to invest with Al Mabroor company?

Al Mabroor is firstly a kaafir company. The investor does not become a partner in terms of the Shariah. He does not own any of the assets of the company. He buys a share in the…

The Majlis Vol 26 No 09, p.4

My friend has some haraam money.

If it is known that the money being loaned is the haraam riba dividends, then it will not be permissible to accept it.

The Majlis Vol 26 No 09, p.5

1.

It is not permissible to use the haraam interest money for any of the projects mentioned to assist any project which is in conflict with the Shariah as the one mentioned in No.1…

The Majlis Vol 26 No 09, p.5

The deceased had gifted debt to his grandson.

Since qabdhah (possession) was not taken, the Hibah (gift) of the Dain (debt) is not valid. Prior to qabdhah, the creditor has the right to make rujoo‟ (retract) and cancel his…

The Majlis Vol 26 No 09, p.5

A vehicle is purchased by the laybye system.

The „storage fees‟ for the vehicle is rental to which the seller is entitled. As long as there is such an agreement, the Ijaarah will be valid. The rental must be fixed and agreed…

The Majlis Vol 26 No 09, p.5

A man sells the lease of the shop he occupies.

A lease can never be sold. In terms of the Shariah, a lease is a mere agreement. It is not tangible or material commodity which could be bought and sold. The lease is not even…

The Majlis Vol 26 No 10, p.2

Is „freezing‟ the auction permissible?

The act of ‗freezing' the auction, preventing others from bidding is HARAAM. It is not permissible to buy anything in this manner. The false bids by workers of the company are also…

The Majlis Vol 26 No 10, p.8

I obtained a loan of $8,000 many years ago.

The amount to be repaid should be the amount of gold which the $8000 could procure on the date the loan was given. If for example, the $8,000 could procure three ounces of gold on…

The Majlis Vol 26 No 10, p.11