The Majlis Archive

Category

Finance - Banking - Business

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

1.

All of these pension and retirement funds are haraam. Monies are invested in riba and even the contracts are riba agreements. Hence it is not permissible to voluntarily become…

The Majlis Vol 27 No 12, p.11

A charity organization has given me a collection box.

As long as the money has not been given to the organization it remains in your ownership (milkiyat). You may do with the money as you deems suitable. However, if you have no valid…

The Majlis Vol 27 No 12, p.24

Is the UCount program the bank offers permissible.

The R25 monthly fee renders the program maisar (gambling). It is unlike the monthly bank charges on one's banking account. The bank charges the account-holder fees for doing his…

The Majlis Vol 28 No 01, p.7

A defect in a product was declared to the customer.

If the defect was declared and the customer accepted to purchase the item with its defect, he has no right to return it. The seller is not obliged to give a refund. Nevertheless,…

The Majlis Vol 28 No 01, p.8