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purchaser

This answer was collected from TheMufti.com, which is a fatwa portal managed by Mufti Ismaeel Bassa from South Africa.

Selling goods on consignment

Answered by TheMufti.com

Q. Can I buy stock from a supplier with the condition that if the stock cannot be sold, I will return it to the supplier? A. The purchase and sale of goods/stock with the condition that the trader/purchaser can return the goods to the supplier/seller if they cannot be sold is inconsistent with the Laws… read more »

The Islamic basis of Pr-ordering

Answered by TheMufti.com

Q. I bought the Samsung S20 series on a pre-order basis. Is the concept of pre-ordering correct according to Shari’ principles? A. A pre-orderis an order placed for an item that has not yet been released. The item could be in existence or the item is non-existent at the time of sale but needs manufacturing… read more »

ONLINE FOREX TRADING

Answered by DarulUloomTT.net

QUESTION: As Salaamu Alaikum, Is it permissible to do online Forex trading? Also is it permissible to do it using the site IM Academy? جزاكم الله خيرا ANSWER: Wa Alaikum As Salaam, Trading in currencies (foreign exchange) is permissible in Islam with the following:- The Transaction between the two parties must be done immediately without… read more »

Is Forex Trading Permissible?

Answered by DarulUloomTT.net

QUESTION: Assalamu Alaikum, Mufti, My question today is based on if Forex Trading is Permissible in Islam? I have been doing some research for myself but i need advice from you. From certain articles online it is said that the prophet pbuh said it was permissible to trade currencies once it is done immediately and… read more »

Is bargaining allowed in Islam?

Answered by Fatwa-TT.com

Question: Is bargaining allowed in Islam?   Answer: In the Name of Allah, the Most Gracious, the Most Merciful. As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh. Bargaining is allowed in Islam. If a purchaser wishes to bargain with the seller on an item, he may do so. The seller has the right to either decrease the price or… read more »

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