Question: Two individuals, Zaid and Bakr, each own a 50% share of a property. Zaid has now purchased Bakr’s 50% share through instalments. The question is: to whom will the rent generated from this property belong? Will it belong entirely to Zaid, or will it still be shared between both parties? Answer: In the Name of Allah, the Most Gracious, the Most Merciful. As-Salāmu ʿAlaykum Wa-Raḥmatullāhi Wa-Barakātuh In the enquired … [Read more...]
Municipal Accounts
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April 6, 2026 by
Question: Dear Mufti, There is a trend amongst businesspeople to accumalate monthly bills(viz.lights and water usage) from one financial year to the next.At the end of February they would approach the municipality and apply for the 50 percent reduction on the accumulated amount which runs into hundred of thousands.Is this permissable and in accordance with Shariah law .There are instances due to financial constraints that some people defer … [Read more...]
Deposit Money
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June 24, 2025 by
Question: Zaid paid a deposit of 350 for the cylinder bottle, which would be refunded upon its return, and 300 for the gas. After a year, Zaid decided to move to another town, so he returned the cylinder bottle. However, the shopkeeper gave him 500 instead of 350, saying that the deposit amount had increased due to company policy and told him to take it. Is the extra 150 permissible for Zaid, or is it considered interest? Answer: In … [Read more...]
I would like to know if the following investments are shariah compliant or not
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March 15, 2018 by
Question Assalaamu Alaikum, Dear Mufti Saheb, I would like to know if the following investments are shariah compliant or not: - Oasis Crescent Equity Fund - Unit Trust - Stanlib Shariah Equity Fund - Unit Trust - Old Mutual Albaraka Equity Fund - Unit Trust - Albaraka Bank - Monthly Investment Plan account(or any other investment account with Albaraka) - Albaraka Bank Shares (buying shares in the bank itself) - ABSA Islamic Banking - All … [Read more...]
they state that the scheme is responsible
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December 7, 2012 by
Question I am a medical practitioner and was contracted to a medical scheme for 5 years. Last year, I terminated the contract. Subsequently, the medical scheme became insolvent. Some of my patients who were also contracted to the scheme refuse to pay me for services rendered to them, they state that the scheme is responsible to pay me. Is that correct? Answer Muhtaram / Muhtaramah In the Name of Allāh, the Most Gracious, the Most … [Read more...]
Credit Insurance
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December 7, 2012 by
Question My Question is as follows: I am working for a muslim owned company. We have debtors that purchase from us on an ongoing basis. Some pay within 30 days some never pay at all. I have identified a company called credit guarantee to provide assurance that credit limits are limited as per their financial statements. The company then evaluates all the debtors an irrespective of payment terms A fixed monthly is paid per debtor for … [Read more...]
