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Jazzcashcom.pk.

Answered according to Hanafi Fiqh by Askimam.org

My question is regarding some internet dealings so please can you give me reasons as to why this is permissible or impermissible.

We purchased a domain 
Jazzcash.com.pk 
We were anticipating that mobilink will require this and we should be able to sell them for higher price. 
Risk factor was Mobilink may or may not have gone this path and stick with old brand mobicash
Since my friend works for Mobicash and we discussed and purchased this domain 
Now just wanted to know if this is Halal 
These internet rules are so complicated that we are not sure 

Also please realise we bought the domain at a risk from our side 

Answer

In the Name of Allah, the Most Gracious, the Most Merciful.

As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.

The Shariah Compliancy of commodity trading depends on the modus operandi of the transaction. Various online trading platforms offer commodity trading products and facilities. Many of the these facilities are not Shariah Compliant since they contain impermissible elements such as short selling, no possession/ownership of commodities, non-tangible goods, interest, insurance, gambling and various other impermissible elements.

Kindly advise on the modus operandi of the actual transaction/facility you refer to in order for us to provide a Shariah ruling.1

And Allah Ta’āla Knows Best

Huzaifah Deedat

Student Darul Iftaa
Lusaka, Zambia 

Checked and Approved by,
Mufti Ebrahim Desai.

_____________________

1 http://www.askimam.org/public/question_detail/33997

This answer was collected from Askimam.org, which is operated under the supervision of Mufti Ebrahim Desai from South Africa.

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