UNDERSTANDING COMPANIES, SHARES AND LIMITED LIABILITY

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  الحمد لله رب العلمين و الصلوة و السلام على سيدالانبياء و المرسلين   In response to recent concerns regarding the difference of opinion in the Shar’i permissibility of shares, stocks, companies, the concept of limited liability and other interrelated transactions; this treatise is being presented investigating the realities of these modern business practices and examining how they fare in terms of the Sharia. This … [Read more...]

Does the salaah become makruh

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Date: Wednesday , February 29, 2012     Question       Does the salaah become makruh if during praying people at the backside of the mosque start talking and making noise ? In such state is one aloud to commence a salaat ?   Answer   Muhtaram / Muhtaramah   In the Name of Allāh, the Most Gracious, the Most … [Read more...]

If one takes wudhu and on the mustache

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Question If one takes wudhu and on the mustache there will stay drops of water and during salaah few drops do enter the mouth, does the salaah brake? Answer   Muhtaram / Muhtaramah   In the Name of Allāh, the Most Gracious, the Most Merciful. As-salāmu ‘alaykum wa-rahmatullāh wa-barakātuh.   If he swallows the water intentionally or mistakenly, the Salāh will be nullified. (Fatāwā Hindiyyah, Vol.1, Pg.102, … [Read more...]

what is status of our salary ?

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Question       I am woking in company which is mutlinational and engage in business of Construction of Building, Gas Plants, Roads, Refinery etc. (www.ccc.gr)   As we all know, companies keep their money in bank with interest bearing account.   As a employee we don’t have knowledge of how much interest company has earned via interest or non shariah complaint activities.   In such … [Read more...]

Can you please inform me that if I have bought my property solely

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Date: Tuesday,  February 28, 2012,     Question       Can you please inform me that if I have bought my property solely from my work wages and my children's monies received from the government, is it permissible in shariah to have a child trust fund drawn up in my last will so as my children inherit the property on my … [Read more...]

Moulana Mohammad Ilyas (R.A) Words and reflections

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Moulana Mohammad Ilyas (R.A) 1-7 1 Words and reflections While talking to Maulana Syed Abul Hasan Ali Nadvi, Moulana Muhammad Manzoor No’maani and Muhammad Shafi Quraishi Saheb, Hazrat Maulana said: “It was the general condition of the Ummats of the former Prophets, that as they moved away from the times of their Prophets, their religious acts used to take the shape of mere customs and become empty of spirit and … [Read more...]