UERY BY SOME INVESTORS
Concerned Investor queries: I just have a few queries on this matter: Should the directors of Amaanat investment agree to pay back distressed shareholders, will this be at the…
Category
Finance - Banking - Business
810 answers.
S BY THE MINORITY SHAREHOLDERS We would like the islamic view and guidance on the following queries: Summary of Case
maanat has around R150m – R200m in cash reserves. Amaanat distributes quarterly +-R26m to all shareholders which only benefit the large investors, if this was to stop Amaanat would…
1 Do the investors have a right to the repayment of their money they have invested in Amaanat or they must continue to wait as no buyers exist and off
In a Shirkat (Partnership) venture, investors are not repaid their investment. They are paid their respective shares of the profits. Their shares extend to the assets of the…
2 It has come to our attention that other Ulema believe that investors must find their own buyers or take the low prejudicial offer or continue to be
It is not entirely correct. “Buyers” for what? What are the investors supposed to sell? The investors have no possession of any of the assets which are from the Islamic perspective…
3 If no solution is presented by the board to address this matter, Will it be just and equitable for those who want to exit to apply for liquidation f
Those who desire to remain in the company are guilty of zulm because they are in flagrant conflict with the Shariah. The partners who want to quit may not be refused their rights.…
According to the lawyer, Mr.
We are not the muqallideen of Mufti Taqi or of the other contemporary senior Ulama. We are the Muqallideen of Imaam Abu Hanifah (rahmatullah alayh). Mufti Taqi’s view is his…
The Majlis has always held the view that it is not permissible to stipulate a salary for a partner in addition to his profit-share.
The view of The Majlis is the official view of the Shariah while the contrary view is a personal opinion. The answer in Ahsanul Fataawa is erroneous. The honourable Hadhrat Mufti…
Our company is closing down. My colleagues advise that I should claim retrenchment package.
It is not permissible to demand retrenchment package as your colleagues are advising. The money will be haraam.
We sell goods by the laybye system. Our time limit is two months.
In the laybye system, the goods belong to the customer. The trader retains possession until he is fully paid. You are allowed to open up the parcel and sell the items after the two…
A concerned father has requested me to write to you and get the Shariah ruling on this issue.
According to the Shariah, the house remains the property of the father. His signature whilst he was bed-ridden in hospital is not valid. Either the son is no longer a Muslim, or…
Kindly advise on the following: In 2007 I loaned my cousin R80000.00 as he was in financial difficulties.
Rasulullah (Sallallahu alayhi wasallam) said that the martyr is forgiven all his sins except debt. Refraining from paying debts despite having the means, is most despicable and…
Are restraint of trade agreements permissible in Islam?
The restraint of trade agreements is haraam. It is in the category of riba. It is not permissible for the employer to impose this haraam contract on the employee nor is it…
What is the status of paying a franchise fee?
The entire franchise system is baatil and haraam. The fees are in the category of riba. The system is encumbered by a host of corrupt (faasid) conditions. It is not permissible to…
I have some questions regarding electronic tolls on motorways.
(1) E-tolls and all types of toll fees in terms of the Shariah are zulm (oppression). The question of permissibility and impermissibility does not concern the non-Muslim oppressors…
In Dubai I had an agreement with a developer regarding a property.
If the house was not handed to you in 2018 as per your agreement with the developer, then you are entitled to claim a full refund of the amount you had paid. You may not claim any…
Will the following business model be permissible: Seller 'S' lists a canvas wall art product for sale on his website which 'S' does not have possessio
This deal is not permissible. It is not valid. Selling an item which does not belong to you nor has it even been manufactured, is not permissible.
Bakr wants to purchase a service costing R5,000 from Zaid.
Yes, Zaid is sinful. With deceit he harmed a Muslim. Rasulullah (Sallallahu alayhi wasallam) said: "You have not accepted Imaan as long as you do not love for your brother what you…
We are two partners in a business. I am the investor and my partner runs the business.
The partnership you have entered into, in terms of the Shariah is called Mudhaarabah. 1) You are entitled to your initial capital investment of R150,000 plus 25% of the net profit.…
Person 'A' agrees verbally to sell a commodity to person 'B' on credit at an agreed price and Person 'B' takes the commodity subject to a contract wit
On the basis of the information provided by you, Person A has the right to repossess his commodity. However, since the commodity is now the property of person B since it was given…
For using our premises to install an ATM machine, the bank offers to pay rental in one of two weighs: (1) A fixed monthly rental, (2) R1 per transacti
The Mufti has erred. Instead of advising that only the first option is permissible, he says that the second ambiguous option is permissible. The fatwa is incorrect. The second…