Shafi'i Fiqh

Selling Solar Water Heating Systems through Murabaha Contract

We are a charitable organization that encourages people to use solar water heating systems through establishing a fund that gives loans to that end. This goes as follows: A provider of solar water heating systems is selected through a tender, an installing order is issued by the organization and the customer is required to pay the price of that commodity to the organization in installments where he pays the agreed upon amount in addition to a specific sum, as margin of profit in favor of the organization. What is the ruling of Sharia on this?

Shafi'i Fiqh

An Example of Istisnaa` Contract

Is it permissible for a financial institution to conclude a contract with a certain contractor, where the latter is required to deliver the finishing works of a certain building, and, at the same time, conclude a parallel Istisnaa`(Manufacture) contract with the owner of that building(Customer) against payments made in installments, knowing that the property is originally registered in the name of the customer himself?

Shafi'i Fiqh

Selling Payments-Collection Machines is Permissible

I work for a company that collects payments via point-of-sale machines which accept credit card payments in return for a commission that increases in line with the amount paid by the customer. In fact, I`m in charge of Sales and Public Relations. I organize and sign contracts with traders to supply them with those machines(Point-of-sale machines). What is the ruling on my job?

Shafi'i Fiqh

Ruling on Paying by Credit Card

What is the ruling of Sharia on using credit cards(Visa, Master…) by parents to pay for the tuition of their children where the company which issues the cards deducts an agreed upon percentage and deposits the rest in the school`s bank account within two or three days?