The Majlis Archive

Category

Finance - Banking - Business

810 answers.

Is it permissible to invest with DMC properties?

The DMC advertising pamphlets and the explanation are brief. If the transaction is exactly as explained in the two-page explanation, then it will be permissible. But we cannot…

The Majlis Vol 20 No 03, p.12

I purchased some vehicles via ABSA Islamic banking.

"Bank Ulama" are mercenaries. They are paid lucrative bribes to churn out permissible fatwas for the illegitimate creature they dub 'islamic finance'. In reality it is Riba…

The Majlis Vol 20 No 04, p.2

I have a Hajj savings account at Al Baraka Bank.

According to the 'Terms & Conditions of The Al Baraka Investment Account', the 'Haj Account' is supposed to be a Mudhaarabah investment. While this is the claim made by the Bank,…

The Majlis Vol 20 No 04, p.6

Are Muslim banks not allowed to charge service fees?

While the banks may charge a reasonable service fee for handling money, the whole banking system is a corrupt riba system. They are allowed by the Shariah to charge service fees…

The Majlis Vol 20 No 04, p.12

A worker was hired without fixing his wage.

It is haraam to hire a person without stipulating his salary. The work contract should be renewed with the salary specified. In this instance the worker has to be paid the…

The Majlis Vol 20 No 05, p.2

Is it permissible to have a salon as a tenant?

By 'salon' we have understood a hairdresser who cuts haraam kuffaar hair styles and even the hair of prostitutes and the like. If our understanding is correct, then it is haraam to…

The Majlis Vol 20 No 05, p.3