The Majlis Archive

Category

Finance - Banking - Business

810 answers.

Our trading company was insolvent and liquidated.

According to the Shariah, a company has no validity although it is a legal entity in terms of kuffaar law. One is never absolved of debt. The outstanding debt has to be…

The Majlis Vol 23 No 08, p.2

Can we have a cash price and a credit price?

If the price is specified and clarified at the time of the sale, then the sale is permissible. It is permissible to have a cash price and a higher credit price.

The Majlis Vol 23 No 08, p.5