Business

Question: I was speaking to a friend regarding investments and the security that GOLD has to offer. I cited the example that in the 1980’s, when I was employed by the bank, a Kruger Coin cost about R80.00 a coin. Today, the price of a Kruger Coins (or Mandela Coins) …

Question? Is it permissible to trade Forex(online)? Answer: In the Name of Allah, the Most Gracious, the Most Merciful. As-salamu ‘alaykum wa-rahmatullahi wa-barakatuh. The issue of online Forex trading was discussed in the Jameeatul Muftieen meeting which comprises of twelve senior Muftis of South Africa. After analyzing the details provided, …

Nasihah (Advice): Auctioning in Islam   Anas Bin Maalik Radhiallahu Anhu reports that Rasoolullah Sallallahu Alaihi Wasallam sold a saddle blanket and a drinking bowl. Rasoolullah Sallallahu Alaihi Wasallam said: Who would buy this saddle blanket and drinking bowl? A man said: I will take them for a Dirham. Rasoolullah Sallallahu …

Nasihah (Advice): Sayyiduna Uthmaan (Radiyallahu Anhu) narrates that the Prophet (Sallallahu Alaihi Wasallam) said: “Whoever builds a Musjid, Allah will build a house for him in Jannah.” (Tirmizi, Hadith #: 318)   __________________________________________________________________   Question and Answer:   I want to know is it permissible to buy or sell raffle …

Nasihah (Advice): Sayyiduna Abdullah bin Amr (Radiyallahu Anhu) reports that the Prophet of Allah (Sallallahu Alaihi Wasallam) said: “The martyr is pardoned for all his sins except outstanding debts.” (Sahih Muslim, Hadith #: 1886)   ____________________________________________________   Question and Answer:   Q. I need some advice here. I recently sold …

Question and Answer: Q. If you were given a loan by a Muslim to purchase an asset ( A Home ) and no specific repayment date was agreed . The asset has appreciated in value , Should the repayment of the loan be the Principal loan amount or should  the Amount be …

Nasihah (Advice): Sayyiduna Abdullah bin Abbas (Radiyallahu Anhu) reports that the Prophet of Allah (Sallallahu Alaihi Wasallam) said to one Sahabi, “You have two qualities that Allah loves, tolerance and composure”. (Sahih Muslim, Hadith #: 25) ____________________________________________________ Question and Answer: Q. Here in Canada we have Roll up the rim …

Nasihah:  There are certain moments during the day when a person’s Duas are accepted:   Sayyiduna Muhammed bin Maslamah al-Ansari (Radiyallahu Anhu) reports that the Prophet of Allah (Sallallahu Alaihi Wasallam) said:    “Indeed, there are certain moments during the day that are special to Allah, so be prepared for …

Question and Answer: Q. My son wants a new car but does not have the finance to purchase it. I want to provide him the finance as I have the funds to purchase this car but I also want some return whilst I give him a few years to pay. …

      Question and Answer: Q. We have a tenant who has applied to rent an office from us.   His sole business is in Micro Finance. ie. Small loans.   Would the rental income derived from such a tenant be halaal?   (Query published as received)   A.  …