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Question: I am a housewife and I run an online store from home. Sometimes I have stock to supply my customers and sometimes I do not have stock. I know that I cannot sell stock that I do not own or stock that I do not possess. My customers know …

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What value is considered when purchasing from an estate?

  Nasihah (Advice): Blessings in a transaction   Sayyiduna Hakeem Ibn Hizaam Radhiyallahu Anhu reports that Rasulullah Sallallahu Alayhi Wasallamsaid, “Both parties in a business transaction have a right to annul it so long as they have not separated; and if they tell the truth and make everything clear to each …

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Is it permissible to receive a fixed return on an investment?

Nasihah (Advice): Charity is not accepted from unfaithful dealings   Sayyiduna Ibn Umar Radhiyallahu Anhu reports that Nabi Sallallahu Alayhi Wasallam said, “Prayer without purification is not accepted, neither is Sadaqah from the profits of un­faithful dealings.” (Sunan Tirmidhi) ______________________________   Question and Answer:   I invested R100 000 of stock …

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Accepting Money to Teach Islam?

Is it wrong to take money to teach Islam? should this be a factor in deciding whether one becomes a scholar or not? QUESTION Assalamualikum My brothers who are Alhamdullilah huffaz wished to become ulama since childhood. As they entered the teen years, people would inform them that they must …

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Can a person give charity with interest money?

Nasihah (Advice): Punishment for one who consumes interest Sayyiduna Samurah Bin Jundub Radhiyallahu Anhu reports that Nabi Sallallahu Alayhi Wasallam said: “At night, I dreamt that two men came and took me to a Holy land where we proceeded until we reached a river of blood, where a man was …

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Is there a difference between interest and usury? Are both prohibited?

QUESTION 1)    Is there a difference between interest and usury? Are both prohibited? 2)    Can we buy a house through a bank on a fixed rate of interest? ANSWER In the Name of Allah, the Most Gracious, the Most Merciful. As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh. 1)    When a debtor borrows money from a …

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Taking out a Life Insurance Policy to avoid Estate Duty Taxes

   Question: Assalaamu Alaykum Mufti Saheb, the escalating burden of Estate duty that is being imposed by the South African government once a person passes away has become quite a scary and burdensome scenario for the living dependants. I am told that there is a fatwa that has been passed …

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Diminishing Musharakah (Partnership)

QUESTION Assalamualaikum   I have two questions. Please answer   I wish to buy a flat. I dont have enough money. My friend Basheer is ready to help me but wants to make some money out of it. We were told there is something called musharakah in house. I searched …

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