Is RCM Business permissible in Islam?

Dear Scholar Assalamu-Alikum! With reverence and humble submission, In our society ( Jammu & Kashmir , India ) more and more people are joining RCM Bussiness, a commission based business; more details about this can be viewed at here( http://www.rcmbusiness.com/index.aspx ) . Now i want to know is this type of bussiness permisible in Islam. With regards!

Answer:

(Fatwa: 1467/1276=B/1429)

The business of RCM Company is not lawful as per the Islamic Shariah. There are several reasons for unlawfulness; therefore Muslims should never participate in such companies.

Allah (Subhana Wa Ta’ala) knows Best

Darul Ifta,
Darul Uloom Deoband

Original Source Link

This answer was collected from the official ifta website of Darul Uloom Deoband in India.

Tags: business, sharia, Shariah

Link

Random Q&A

What is the ruling on Muslim women attending the Masjid?

…

Arranged marriage with a cousin

…

Wearing hijaab when leaving the home

…

Should I Divorce My Unemployed Husband After 11 Years?

…

Can I offer du’a with all fasting people before iftar?

…

These questions came to light after discussing them with ulema, who advise me to put forward these questions to Mufti Taqi Usmani sahib and inform them of the view of our beloved Mufti Sahib.1. In England to have car insurance is compulsory. Talking to ulema, they state that third party only is allowed. However discussing this with my friend, who is also an aalim, we wanted to know what if full comprehensive insurance is cheaper than third party insurance e.g. full comprehensive was £600.00 and third party was £1000.00, which happens sometimes. So even in this case would one have to buy third party Insurance or not? 2. When a person has an accident with another car, the insurance company of the other car owner pays a person out fully. The money that they pay is the market value of the car and not the actual value. For example I recently had an accident, the insurance company of the other person paid me out £2100.00 whereas I bought my car for the price of £1600.00. So would the extra money received in this case be jaa’iz (permissible) or haraam? Also I have heard that you cannot claim more than the amount you have paid to the insurance company. In case if the other person is not insured then my own company will pay me out. Would this money also be jaaiz? [Sajid Khan]

…