The Majlis Archive

Category

Finance - Banking - Business

810 answers.

I am the sole agent for certain products.

It is not permissible to 'sell' or hand over the agency in lieu of payment. The object which is being sold is not material commodity (maal), the deal will therefore not be…

The Majlis Vol 20 No 12, p.3

Is occupational rent permissible in the Shariah?

Occupational rent is haraam. The purchaser of a property is the owner. The seller only has a claim on the amount owed to him. He may not stipulate 'rent' until payment of the…

The Majlis Vol 20 No 12, p.5

Zaid and Bakr entered into a partnership.

The partnership deal described by you is a Mudhaarabah transaction. However, the manner in which this partnership was structured is Faasid. It is corrupt and invalid. Neither…

The Majlis Vol 21 No 01, p.4