Absa Bank's Islamic division offers a range of Shariah compliant deals.
All banks, whether Muslim owned or otherwise, operate haraam 'islamic' banking systems. ABSA's so-called 'islamic' banking is haraam. There is no such creature as 'shariah…
Category
Finance - Banking - Business
810 answers.
Most people are unable to afford exorbitant medical fee.
Medical aid insurance is haraam. If halaal mutton is not available, it does not mean that pork should be eaten even if it carries some moron carrion halaalizer's 'halaal' logo. In…
Absa bank says that they have 8 different Islamic deals, and all are Shariah-compliant.
All so-called 'Islamic' and 'shariah-compliant' dealings of Absa and of all conventional banks are haraam riba and baatil dealings. Don't be deceived by the 'islamic' terminology…
Zaid approaches Amar for a loan of R5,000.
Zaid for whom Amar is doing the favour should pay the bank's fee of R30. Whilst it is permissible for Amar to pay, it is really Zaid's responsibility.
My driver driving our company car was involved in an accident with another car.
According to the Shariah, you are not liable for the damages committed by your driver even if he was driving your company's car. He is solely liable for the damages to the other…
Please view and comment on the article on Ijaarah (Leasing) prepared by a Muslim lawyer.
The issue which he has written on is quite simple. There is nothing difficult about it. It is not a matter which requires going beyond the confines of our Math-hab. Yet, you will…
A new mode of leasing by the Islamic banks is called Ijarah wa iqtina.
This form of leasing is not valid in the Shariah. The condition of the promise is faasid. Even if it is written in a separate document as is done in this scheme, the deception does…
What is mudhaarabah which the Islamic banks offer?
Mudhaarabah is a partnership in which the one partner provides the capital investment and the other partner provides the management without any capital investment. The profit will…
The roof of the building in which I am a tenant was blown off in a recent storm.
The tenant cannot demand that the landlord repairs the building. He can only cancel the lease and vacate the premises if he finds it unsuitable for his occupation. Regardless of…
Is exchange of currency notes permissible?
Exchange of currency notes is permissible. Any amount of one currency notes may be exchanged for any amount of another currency. But the deal must be cash. It is riba to sell…
Is it permissible to buy and sell websites?
When 'selling' websites, there is no material commodity being sold. A name is sold, hence buying and selling websites are not permissible. One may pay a company for services, but…
Is the 'diminishing musharakah' partnership business halaal?
The hybrid 'diminishing musharakah' concept forged by scholars for dollars for the benefit of the capitalist riba bank is baatil. It is haraam. We have explained in detail, in…
Is it permissible to pay a person money for having violated a promise?
Monetary payment for violating a promise is haraam. There is no such payment in Islam.
Sometimes money is paid to reserve an item.
Money paid to 'reserve' an item is part payment of the purchase price. The sale is transacted when the money (part payment) is made. The seller has the right to retain the goods…
Is it permissible to hire trucks to a circus to transport its wares?
It is not permissible to hire trucks to a circus which is a shaitaani institution in which almost everything from A to Z is haraam. A host of cruelties, immoralities and…
The Mufti says that it is permissible for us (a Muslim transport company) to transport electrical equipment for a cinema.
A cinema is a 100% haraam institution. How can it ever be permissible to aid such an immoral haraam institution? Will it be permissible to transport electrical equipment to a…
Is it permissible to hire out posh cars for a matric farewell function?
How can it ever be permissible to hire out 'posh' cars for a zina function – a matric farewell haraam function. Is this 'mufti' then so stupid as to be unaware of what takes place…
HBZ bank has a Shariah compliant 'forward cover' insurance for currency trading.
HBZ Bank is worse than even Al-barakah Bank. HBZ openly advertises its interest deals. The 'forward cover' is haraam. There is no shariah-compliant insurance scheme.
Over the years, I have accumulated a substantial amount of money which belongs to people who have not claimed their laybyes.
Yes, you may use the money for this purpose.
Please comment on the following Fatwa pertaining to laybye sales: "Layaway (lay-by in Australia, New Zealand and South Africa) is a way of purchasing
We disagree with the Fatwa. (1) In commercial transactions, the meaning is the determinant. When a laybye sale is transacted, it is a valid sale. The customer selects an item, and…