Question  My query is; i want to know maybe trading forex is halal or haram in islam?   Answer Muhtaram / Muhtaramah   In the Name of Allāh, the Most Gracious, the Most Merciful. As-salāmu ‘alaykum wa-rahmatullāh wa-barakātuh. It is not permissible to engage in forex trading. And Allah knows best Wassalam Darul Iftaa, Madrassah In'aamiyyah The Sharée ruling herein given is specifically based on the … [Read more...]

Question We are a sourcing company, we get inquiry for a certain product from our customers; We source the product from factories and distributors in china; We quote our customer with our margins; Customer if approve send us payment sometime partial and sometimes full in advance as our agreed terms We then place order to our supplier/factory and then take delivery of goods and forward to our customers in agreed manner and terms and conditions. … [Read more...]

Question I purchased 3X1 kilograms of mince for R61.72, and had requested that the mince be packed in polystyrene trays. By packing the product on the polystyrene tray, due to the weight of the tray I am receiving 14c per kilograms less mince. Kindly inform me the Islamic ruling on the above matter. Answer Muhtaram / Muhtaramah   In the Name of Allāh, the Most Gracious, the Most Merciful. As-salāmu ‘alaykum wa-rahmatullāh … [Read more...]

Question There are a lot of companies which sell their things on by-part payment. And they have taken more then the original price. In this way i want to buy a motorcycle whose original price is 49,000 but in by-part payment it will cause me 56,000 in 2 years. I want to ask whether it is valid(Halal) or not One of my friend told me that it will valid, if they will taken 56,000 and not above like late-payment charges. And in late-payment … [Read more...]

Question My brother has been approached by ABI for an interview. I know that ABI and SAB (South African Breweries) have merged and that SAB is the major shareholder of ABI. From an Islamic point of view would it be permitted for a Muslim to accept a job at ABI? Answer Muhtaram / Muhtaramah   In the Name of Allāh, the Most Gracious, the Most Merciful. As-salāmu ‘alaykum wa-rahmatullāh wa-barakātuh. ABI is a … [Read more...]

Question RAMADAAN LAST YEAR WE PURCHASED A HOUSE (first home)on both myself and wife’s name . In February the home loan and complete finalization of the transfer took place. LOAN AMOUNT FROM BANK - R600 000 CURRENT REPAYMENT        R7100 CURRENT BALANCE -    R324 000 INTEREST FREE LOAN FROM FAMILY-R180 000 THE PROPERTY IS CURRENTLY LET OUT   WHAT WILL BE THE ZAKKAT … [Read more...]