The Majlis Archive

Category

Finance - Banking - Business

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

One of our partners in a business has died.

When a partner dies, it is then Waajib to immediately assess the amount of his share in the business. That amount has to be compulsorily transferred to his heirs. The partnership…

The Majlis Vol 27 No 05, p.8

I have inherited a large sum of money.

There are no Shariah compliant companies to invest in. All of them are bogus and frauds. Until you are able to find a halaal business for investing, buy gold coins. The value of…

The Majlis Vol 27 No 06, p.9

Zakaat is payable on loans owed to one.

If you purchased the share and paid with the loan before expiry of your Zakaat year, then Zakaat is not payable on it. But if you paid with the loan after expiry of your Zakaat…

The Majlis Vol 27 No 06, p.10

I purchased a vehicle in good faith.

It is not permissible to sell a stolen item. Brother, if you are unable to locate the person who sold you the vehicle, then your only option is to try and find the original owner…

The Majlis Vol 27 No 07, p.7

Is it permissible to work for a bank?

It is haraam to work in a bank. A bank is the worst institution of riba. There is no difference between conventional kuffaar banks and the so-called „islamic‟ banks. All of these…

The Majlis Vol 27 No 08, p.2