The Majlis Archive

Category

Finance - Banking - Business

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

I am a building contractor.

It is not permissible to offer your services to a company which trades in alcohol nor to a Shiah temple. It will be aiding sin and transgression which is explicitly forbidden in…

The Majlis Vol 24 No 01, p.12

Is rental based on turnover permissible?

Rental based on turnover is not permissible. The rent has to be compulsorily a fixed amount stipulated at the time of the contract. It may not be left ambiguous nor based on…

The Majlis Vol 24 No 02, p.2

ABSA Bank provides a Youth account.

The ABSA Youth account may be opened for the sake of convenience. However, the benefits are in the category of riba and have to be given to the poor.

The Majlis Vol 24 No 02, p.3

Is it permissible to sell fireworks?

Selling fireworks is haraam. The profit made by selling haraam fireworks is also haraam. It should be given away to the poor.

The Majlis Vol 24 No 02, p.4

'A' was buying dollars from 'B'.

'A' has the right to sell C's car to recover the R30,000 which he had lost. If the vehicle's value is more than the amount owing to 'A', he has to keep the excess in trust. It will…

The Majlis Vol 24 No 02, p.5