Question   A person sold his business. Among the conditions of sale was that the purchaser pay out all the creditors of the business. The creditors were not consulted. Now that the new owner is insolvent and has not yet paid the previous owner - who is responsible for those debts?     Answer   Muhtaram / Muhtaramah   In the Name of Allāh, the Most Gracious, the Most … [Read more...]

  Question   What should I consider in choosing a career? Can I choose a career of tourism wich will include visiting religious sites of non-Muslims?     Answer   Muhtaram / Muhtaramah   In the Name of Allāh, the Most Gracious, the Most Merciful. As-salāmu ‘alaykum wa-rahmatullāh wa-barakātuh.   In choosing a career, consider the following advice of Rasulullah (Sallallaahu Alayhi … [Read more...]

Question When is the contract (transaction) between a buyer and seller definitive? Answer Muhtaram / Muhtaramah In the Name of Allāh, the Most Gracious, the Most Merciful. As-salāmu ‘alaykum wa-rahmatullāh wa-barakātuh. Once the buyer agrees to the purchase price, the deal between the parties is concluded and the sale definitive. And Allah knows best Darul Iftaa Madrasah Inaa’miyyah · The Sharée ruling herein given is … [Read more...]

Question I had a question regarding the trading of shares using this method. Please can you examine the content on the website below and let me know as to its permissibility with details. Basically, from my understanding, you are selling the right to someone to buy a share off you at a later date at the current price. Look forward to hearing from you shortly. http://www.cashforlifesystem.co.uk/   Answer Muhtaram / … [Read more...]

Question Plz assist with info regarding the ffg: 3 people wish to enter into a business deal as follows – person A & B provide finance 50% + 50%, person C runs the business to ensure a profit. Profit is shared 50% -50% between person A & B. person A & C share his (person A’s) portion of the share 50 -50. 1. is this permissible? 2. how must the loss, if any, be shared? 3. if permissible what type of Islamic finance is … [Read more...]

Question Normally a shopkeeper doesn't know whether the amount they receive for their goods is from halaal source or not. so in this case is it permissible for them to do business? Secondly, if they are sure the product that they are going to sell will be used in a haraam act or business by the buyer. e,g a shopkeeper sells bottles and he knows that a buyer of his will use it to fill it with wine and will sell it further. Will it still be … [Read more...]