The new partner 50%; your relative 30%; your share remains 20%. Your relative is in error for contending that your share is less than 20%. When he took in the new partner, there…
The Majlis Vol 20 No 06, p.2
The card is not a tangible commodity (maal) in terms of the Shariah which could be bought or sold. The card merely entitles one to acquire goods. It is haraam to sell the cards.…
The Majlis Vol 20 No 06, p.2
It is permissible to have a different price for credit. However, the condition is to state the price at the time of the sale transaction. At the time of the deal, only one price…
The Majlis Vol 20 No 06, p.3
The 'initiation' fee and the vat on the loan are in fact riba, hence obtaining this loan is not permissible. Nowadays riba is described in various ways. Shares, dividends and…
The Majlis Vol 20 No 06, p.4
Being an accountant is just like being a worker in any other halaal profession or just like a trader. Whatever is haraam in working and trading will be haraam for the worker and…
The Majlis Vol 20 No 06, p.4
It is not permissible to handle the haraam products. Continue with your present work, and make dua for a better avenue of Rizq to open up for you. Be on the lookout for alternative…
The Majlis Vol 20 No 07, p.2
A hibah (gift) is valid only if possession of the gifted asset is given to the person. According to the Shariah if a man wants to make a gift of his house to a person, then it is…
The Majlis Vol 20 No 07, p.2
Yes, the haraam interest money may be used to pay the haraam transfer fees and the haraam rates and taxes. It is not permissible to pay bonuses to workers with interest money.
The Majlis Vol 20 No 07, p.4
The initial $100 the bank gave you was a gift/promotion offer. However, if the $100 were given after you had deposited some money, then it is riba (interest) regardless of the…
The Majlis Vol 20 No 07, p.5
No, the worker may not keep the extra $1,000. It belongs to the owner of the car. He is entitled to only his $500 which was promised to him. The only way in which he could receive…
The Majlis Vol 20 No 07, p.5
Your friend must repay you 100 dollars, neither R800 nor R700. He must buy dollars and pay you back in dollars.
The Majlis Vol 20 No 07, p.4
It is not permissible to invest in the type of gold trading explained in the brochure. Since the gold is not physically acquired nor held on one's behalf, the sale comes within the…
The Majlis Vol 20 No 08, p.2
You have to pay rent to the owner of the house regardless of his arrangement with the bank and regardless of the owner not paying the bank. As far as you are concerned, you are…
The Majlis Vol 20 No 08, p.2
Although it is not permissible for the Muslim worker to sell, pack or handle any haraam products at the shop where he works, he is nevertheless, entitled to his full wage for being…
The Majlis Vol 20 No 08, p.2
You may sell the R5 coin for any price, but not for coins of the same metal. Sell the coin in exchange for notes of another currency, e.g. dollars, euros, etc.
The Majlis Vol 20 No 08, p.3
It is permissible to sell Zam Zam water.
The Majlis Vol 20 No 08, p.3
The BEE shares are haraam. The dividends are haraam. They are in the category of riba.
The Majlis Vol 20 No 09, p.3
With regard to the application form, please note the following: (1) The R150 administration charge is not permissible. It is a riba charge. (2) If Seller will be compelled to pay…
The Majlis Vol 20 No 09, p.4
The e-bucks scheme is haraam on the basis of two factors of prohibition: 1) It is maisar (the Islamic concept of gambling). A fee of R175 is paid for future uncertain benefits. The…
The Majlis Vol 20 No 09, p.4
Although the company may be owned by Muslims, they are not claiming to be in compliance with the Shariah as the so-called 'Islamic' banks contend. Pharmed is quite honest in…
The Majlis Vol 20 No 09, p.11