The Majlis Archive

Category

Finance - Banking - Business

810 answers.

One partner in a business is the working partner.

Partners, even the working ones, may not take a salary from a partnership business regardless of the other partner being a dormant/sleeping one. If a salary is fixed for a partner,…

The Majlis Vol 22 No 03, p.4

A foreign qaari charges $1,000 for reciting qiraa't.

All of these mercenary qaaris recite for the boodle. Rasulullah (sallallahu alayhi wasallam) said: "Recite the Qur'aan. Don't eat with it." In other words, don't use the Qur'aan…

The Majlis Vol 22 No 03, p.4

Are halaal certification fees an Ijaarah transaction?

'Halaal' certification fees are not Ijaarah. The fees are haraam usurpation. The fees are extracted under duress and come within the category of riba. The traders feel pressurized…

The Majlis Vol 22 No 03, p.5

Are e-bucks permissible?

Yes, e-bucks are promises to give gifts to customers. When the items are given, it is permissible to accept such gifts.

The Majlis Vol 22 No 04, p.3

Is there any kind of insurance which is permissible?

All kinds of insurance are haraam. The factors of prohibition in insurance are riba (interest) and qimaar (gambling). What is Takafol? A. Takafol is a deceptive word which some…

The Majlis Vol 22 No 04, p.5

A shopkeeper has three prices for his goods.

It is not permissible to state the price as is described in the question. The price should be clearly stated: R1200., or R1500 or R1900. While stating the price with clarity is…

The Majlis Vol 22 No 05, p.4