Albaraka Bank's muraabaha, mushaaraka, etc. deals are farcical, and in conflict with the Shariah. Do not become entrapped in their deceptive use of Islamic terminology. This bank's…
The Majlis Vol 23 No 07, p.4
The fee on late payment is haraam riba. Such fees are not permissible.
The Majlis Vol 23 No 07, p.4
The difference between a service fee and riba is that former is paid for a service rendered while the latter (riba) is a payment for no service whatsoever. The meaning of 'service'…
The Majlis Vol 23 No 07, p.4
Don't sell to a woman who operates a haraam business. It is not permissible.
The Majlis Vol 23 No 07, p.4
The buy-back condition is haraam. It renders the sale baatil. This type of sale is called Bay-ul-Wafa'. It is not permissible.
The Majlis Vol 23 No 07, p.5
You may sell only such bottles for recycling which will be used for only halaal purposes., e.g. bottling water, etc. The liquor and soft drink bottles are not permissible.
The Majlis Vol 23 No 07, p.12
This is a haraam riba transaction. The 'foreward' cover is haraam insurance. The purchase price is fixed in dollars. Therefore, irrespective of the rand price of the dollar three…
The Majlis Vol 23 No 07, p.12
The principle is ownership. If you own anything, then you may sell it. If you stole it, you don't own it, hence possession and selling will be haraam.
The Majlis Vol 23 No 07, p.12
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
Firstly, the condition of becoming a member of the association is baatil. The sale is rendered faasid (corrupt / not permissible) by the imposition of this condition. Secondly the…
The Majlis Vol 23 No 08, p.4
The premium you are charged is haraam. It is riba.
The Majlis Vol 23 No 08, p.4
Selling the semen of animals is not permissible. It is not permissible to earn money selling najaasat. Kufr naturally attracts najaasat, hence filth appears so attractive and…
The Majlis Vol 23 No 08, p.5
It is not permissible to work for a bank.
The Majlis Vol 23 No 08, p.5
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
A verbal agreement is just as valid as a written agreement in terms of the Shariah. However, in the case mentioned you may sell your property for R1,900,000 to the other person.…
The Majlis Vol 23 No 08, p.5
The 'investment' scheme is a haraam fraudulent practice. Never become soiled in this riba and maisar (gambling) kuffaar scheme.
The Majlis Vol 23 No 08, p.5
It is Makrooh Tahrimi and not permissible to enter into any kind of partnership with non-Muslims.
The Majlis Vol 23 No 08, p.12
It will not be permissible to contra the interest with cash on hand. The interest will still remain in the bank. You have to withdraw the interest from the bank, making the…
The Majlis Vol 23 No 08, p.12
You have to abide by the conditions to which you have agreed. You do not own anything. You are paying for a service, not for a physical book which would belong to you. Therefore,…
The Majlis Vol 23 No 09, p.2
In the perpetual scenario, the ruling changes. After having made all the payments, the newspaper will be a gift for you. According to the Shariah, the corrupt conditions attached…
The Majlis Vol 23 No 09, p.2