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How should one compensate for stolen goods purchased?

  Nasihah (Advice): Stolen Goods – The Punishment of the Fire Sayyiduna Abdullah Bin Amr Radhiyallahu Anhu says: There was a man in charge of the goods of Nabi Sallallahu Alayhi Wasallam called Kirkirah. When he died, Rasoolullah Sallallahu Alayhi Wa sallam said, “He is in the Fire.” They went and looked, …

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Do I have to own an asset for a whole year before paying Zakaat?

Nasihah (Advice): Zakaat on Trading Stock   Sayyiduna Samurah Bin Jundub Radhiyallahu Anhu reports: “Rasulullah Sallallahu Alayhi Wasallam ordered us to pay the Sadaqah (Zakaat) on whatever (stock) we intended for trade.” (Abu Dawood) ________________________________________________ Question and Answer: Aslm. I am confused about something regarding my zakaat. Say for purpose of explanation, …

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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 …

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Is it permissible to sell stock not in my possession?

Question As-Salaam-Alaikum, My question is regarding selling stock that  i do not own. I have a small ecommerce business , on this business i want to list items for example i want to list a pair of shoes. I do not have the shoes in stock so when some one …

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Forward Sale

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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