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business

This answer was collected from MuftiOnline.co.za, where the questions have been answered by Mufti Zakaria Makada (Hafizahullah), who is currently a senior lecturer in the science of Hadith and Fiqh at Madrasah Ta’leemuddeen, Isipingo Beach, South Africa.

Sharing losses in a partnership

Answered by Muftionline.co.za

Q: One Christian man invested in my business but unfortunately the business suffered a loss and I was in debt of 1 crore. This Christian man told me to give him interest every month and he put pressure on me and my family. What can I do according to shariah? A: In a partnership, all… read more »

Takaaful

Answered by Muftionline.co.za

Q: I recently heard about Takaaful insurance and was interested in taking out a scheme to cover my home, business, cars, etc. Takaaful claims to be fully Shari’ah compliant, but when I went to the Takaaful website and saw the different schemes that they offer, I couldn’t see any difference with normal insurance. Also, when… read more »

Working in a mixed environment

Answered by Muftionline.co.za

Q: If a person is working in a non mixed environment, all his needs are being met. Is it permissible for him to take a job in a office where there is both genders working freely and he will have to communicate with the opposite gender, in the name of progress? Also a person is… read more »

Partnership in a business

Answered by Muftionline.co.za

Q: I have started a new business for which I need some funds. I do not want to take a loan that involves interest. I have found an investor but he wants some kind of profit. I really really need the fund for my business so how do we proceed in a halal manner? A:… read more »

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