The Majlis Archive

Category

Finance - Banking - Business

810 answers.

We are three partners in a supermarket business.

The Shariah's procedure, like all its procedures, is quite simple. Declare the partnership dissolved. Take immediate stock to assess the financial status of the business. Then…

The Majlis Vol 21 No 06, p.3

How should an Islamic bank acquire profit?

A genuine Islamic bank will become an active partner in business. There are various transactions of trade and ways in which the bank will profitably participate. It will also…

The Majlis Vol 21 No 08, p.2

A loan of 106,000 kwacha was given to someone.

When a currency is devalued by the government, then a debt which had been incurred prior to the devaluation should be repaid by adding the amount lost as a consequence of…

The Majlis Vol 21 No 08, p.2