Business

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 …

  Nasihah (Advice): Do not take a loan for something that displeases Allah Sayyiduna Abdullah Bin Ja’far Radhiyallahu Anhu reports that Rasoolullah Sallallahu Alayhi Wasallam said: “Allah will be with the debtor until he pays off his debt, so long as it (the loan) is not for something that Allah …

  Nasihah (Advice): The best expenditure is on your family   Sayyiduna Abu Hurairah Radhiyallahu Anha reports that Nabi Sallallahu Alayhi Wasallam said: “A dinar (penny) you spend in Allah’s way, or to free a slave, or as a charity you give to a needy person, or to support your …

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 …

  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 …

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 …

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 …

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 …

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 …