Home | Fatwa | Business (page 3)

Business

Loan Agreement

Question: I recently lent a sum of money to another Muslim in order to assist that person with the purchase of their first home. The loan has been recently repaid and he is so grateful for the gesture that he wishes to invite me to his home for a meal …

Read More »

Repaying a loan in accordance to the inflation rate

  Nasihah (Advice): Repaying a loan – The help of Allah   Sayyidatuna Maimoonah Radhiyallahu Anha heard Rasulullah Sallallahu Alayhi Wa Sallam saying: “Whoever takes a loan intending to pay it back, Allah, the Mighty and Sublime, will help him (in repaying it)’’. (Nasaai) ________________________________________________   Question and Answer:   I …

Read More »

Illegal Passports & License

Title: Is it permissible to help people make illegal passports and driving licence which according to the law is illegal? Question   Is it permissible to help people make illegal passports and driving licence which according to the law is illegal? I was told that it is permissible islamically because we …

Read More »

Buying airtime on credit at a higher price

Nasihah (Advice): The special mercy of Allah on Thursdays and Mondays   Rasulullah Sallallahu Alayhi Wa Sallam said: “Deeds are presented on every Thursday and Monday and Allah, the Exalted and Glorious, grants pardon to every person who does not associate anything with Allah except the person who has hatred …

Read More »

Disposing of one bank’s interest from another bank’s account

Nasihah (Advice): Accepting a guarantor for a debt   Rasoolullah Sallallahu Alaihi Wasallam said: “When a rich man delays in repaying a debt, this is oppression, and if a debt is transferred to a rich man (another rich man agrees to pay it on his behalf), you (the creditor) should accept it.” (Ibn …

Read More »

Copyright for personal usage

Question Aslam-u-Alyqum Can I photocopy a book for personal use, which has got copy rights published. The copy rights statements doesn’t specifically say anything related to personal or commercial usage  of the photo copied version. It only says “All rights reserverd, Neither this publication nor any part of it may …

Read More »

Prescription of Debts

  Nasihah (Advice): Severity of not paying one’s debts   Sayyiduna Muhammad ibn Jahsh Radhiyallahu Anhu narrates: ‘We were sitting with Rasulullah Sallallahu Alayhi wa Sallam when he lifted his gaze towards the sky. He then held his forehead and said: “Subhaanallah! What strict warnings have been revealed!”   We remained …

Read More »

Is a wife responsible to assist her husband financially?

Question A wife has enough money.  She spent a lot in sadaqa.  Help people.  Her husband is in dept for spending the daily expenditure. Has she responsibility to help her husband. Can she spend all her without caring for her husband? ( Question published as Received ) Answer In the …

Read More »

Can I get a percentage profit on a loan?

Question السلام عليكم I have a friend who is in to watch and jewellery trading business . He needs some capital for his business and asked me for funding . He is assuring me a return of 4 percent per month. Is it permissible for me to accept it or …

Read More »