The Majlis Archive

Category

Finance - Banking - Business

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

We went for a holiday.

No, it was not permissible. The holiday was not of the necessities of life, hence the parents have to pay for the holiday expenses. The nabaalighs must be reimbursed.

The Majlis Vol 27 No 09, p.9

I currently work at a recycled company.

The so-called „profit‟ from the so-called „islamic‟ account is interest. It is haraam. It has to be compulsorily eliminated by giving it to the poor.

The Majlis Vol 27 No 10, p.6

We have a vehicle repair business.

All of this is not permissible. The vehicles may not be used at all. The customer must be notified or the minor damage must be properly repaired. Gross abuse of Amaanat is being…

The Majlis Vol 27 No 11, p.3

The heirs have inherited a property.

The asset for distribution to the heirs is a fixed property. It is not incumbent to sell a property if the heirs desire to retain it. Hence, their shares are confirmed in the…

The Majlis Vol 27 No 11, p.4

Ten years ago I loaned someone R25,000.

The loan given ten years ago should be repaid with the amount of gold which R25,000 could have procured at that time (ten years ago). Ten years ago the price of a krugerrand was…

The Majlis Vol 27 No 11, p.9

I lent my car to a friend.

An item, be it a car or anything else, lent to someone is Amaanat in his custody. That means that if the item is lost or damaged without him being neglectful, then he is not liable…

The Majlis Vol 27 No 11, p.10

I invested in a partnership.

The payments you have so far received should be regarded as part payment for the capital you had invested. If you are unable to get your invested money from the person, then regard…

The Majlis Vol 27 No 12, p.3