The Majlis Archive

Category

Finance - Banking - Business

810 answers.

ABSA Bank is offering an interest-free loan.

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

Is it permissible to be an accountant?

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

Are the benefits of e-bucks permissible?

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