business

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Charity with a prize incentive!

Darulihsan.comRead

Share Trading In Islam

Shaykh Shafiq JakhuraRead

Franchise of a Share Trading Company

Shaykh Shafiq JakhuraRead

Earning a Living from Tobacco Sales

Shaykh Shafiq JakhuraRead

Let’s say, I invest $1,000, the broker invests or lends $99,000 and together we buy the currency like euro worth $100,000. The broker will not charge any interest on the money that he invested or lend, because it will be a Shariah compliant account.     – If the rate of the euro goes up and I decide to sell the euro. The broker will take a small share of the profit and rest is given to me     – If the rate of the euro goes down below a certain margin which is determined by the amount I invest, my broker will close the trade and take his money back and I will lose the money I invested. Also, another place were interest may be involved is when the buying and selling is not done on the same day, then a rollover occurs which mean that either we have to pay interest or give interest on the currency you have bought, but the brokers is offering a swap free or interest free accounts for Muslims only, in which, even if you do not close the trade on the same day, they will not debit or credit any interest. I am interested in Spot trading not Future trading. Please let me know if this type of trading is Halal.    

Shaykh Shafiq JakhuraRead

Is there zakat on fruits and plants in one’s garden?

Shaykh Faraz AdamRead

Suspected Unlawful Earnings and Gifts

Ustadh Tabraze AzamRead

Rulings Regarding Selling and Displaying Islamic Wall Stickers

Ustadh Wasim ShiliwalaRead

Marrying a Man I Have an Illicit Relationship With

Ustadha Zaynab AnsariRead

Question on fixing a higher percentage ratio in a partnership

Shaykh Ismail DesaiRead

There are two persons that want to start a business. One of them is going to invest in the business and the other is just going to look after the business. Could you kindly give me the options that they may use and how will the profits be shared?

Shaykh Ismail DesaiRead

Is investing in Virgin Gold Mining Corporation (VGMC) Halaal?

Shaykh Ebrahim Desai, Shaykh Ismail DesaiRead

If at the end of the day when cashing up your business you find extra money in your till, perhaps due to an error by the cashier, eg: you have done sales for R1000.00 but find R1200.00 in your till, what should be done with the extra money?

Shaykh Ebrahim Desai, Shaykh Ismail DesaiRead

Question on Social Networking

Shaykh Ebrahim DesaiRead

Is the profession of taking passport size photographs permissible?

Shaykh Ebrahim DesaiRead

Question on website

Shaykh Ebrahim DesaiRead

I have a question about the Shariah-compliance of an online company that pools your money with other advertisers and shares the profits?

Shaykh Ebrahim DesaiRead

Is it permissible to grade coins or is it gambling?

Shaykh Ebrahim Desai, Shaykh Ismail DesaiRead

I’m running business from home. Do I pay my Zakaat on cost price or selling price?

Shaykh Ebrahim Desai, Shaykh Ismail DesaiRead

Can a businessman for the purpose of cost control hire electricity from an electric thief?

Shaykh Ebrahim DesaiRead