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purchaser

This answer was collected from Askimam.org, which is operated under the supervision of Mufti Ebrahim Desai from South Africa.

Further clarity on Google Maps and Directory

Answered by Askimam.org

Further clarity on Google Maps and Directory Answer Further clarity on Google Maps and Directory. Alhamdulillah, there are many people especially Ulama who are following this discussion and requested us to continue with the discussion to gain more clarity on the issue. We appreciate the participation of Madrasah Taleemudeen in the… read more »

Dubai Islamic Bank Salam Finance Loan Contract

Answered by Askimam.org

 I have seen many people here in UAE are asking about Dubai Islamic Bank Salam Finance compliance with Islamic Sharia and Mufti sb. asked to provide the copy of finance contract. I personaly also very keen to know about this bank finance permissibiity Here I am providing the link to the contract of Salam finance… read more »

Does Islam permit sales which are structured on credit paid in instalments?

Answered by Fatwa.ca

Question: Does Islam permit sales which are structured on credit paid in instalments? Answer: Bismillahi Ta’ala, Essentially a deal may be structured in three ways.    a. Cash Transaction b. Credit Transaction c. Credit Transaction paid in instalments   All these forms of transactions are independently permissible in Shariah.    a. Cash Transaction   A “Seller”… read more »

What can Muslim businessmen do to be able to give goods on credit and ensure their payment is received on time without imposing fines which are disallowed in Islam?

Answered by AskOurImam.com

If a person purchases goods on credit with the stipulation that payments will be in instalments, any fine due to delayed payment thereafter is clearly usury and interest. What can Muslim shop owners and businessmen do to be able to give goods on credit, ensure their payment is received on time and also abstain from… read more »

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