Browsing All Posts filed under »Buy-Sell«

Selling a Product at Different Prices to Different Customers

April 24, 2017

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 Q. A brother works in a Muslim Shoe store. However the owners frequently change the price on the items.   Example, for person A, the item may cost $50 and for person B it would be $90 even though the true price of the item (labelled on it) is $ 60. Is it permissable to change […]

Permissibility of raising the price of a product in return for paying in installments

April 24, 2017

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Q. Is it permissible to sell by installments when the price of the product is increased?. A. Praise be to Allaah. Selling in installments means that you get the product sooner and pay all or part of the price later in known installments over a known period of time. The importance of knowing the ruling […]

How should he handle his wealth and how can he make a profit without incurring the Wrath of Allah?

November 24, 2015

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Q. There is a man upon whom Allah has bestowed the blessing of wealth. How should he handle it? How should he put this wealth to work? How can he protect it and increase it without incurring the wrath of Allah? A. Praise be to Allah Firstly: Wealth may be a blessing if it is […]

How to make our Earnings and Spendings Noble, while seeking little from this World

February 7, 2015

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Ali ibn Fudail related that he heard his father say to Ibn Mubarak: “You order us to seek little from this world, yet we see you trading in merchandise. Please explain how you reconcile one with the other?”  He said, “O Abu Ali, I do so only to protect myself (from begging), to be generous […]

Ruling on dealing with mortgages in a non-Muslim country

November 15, 2013

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Q. Perhaps my question has been asked many times before. It is about mortgages in non-Muslim countries. We live in a western society and we live in rented accommodation so as to avoid riba. Recently we found out that there are no houses for rent, and 96% of the market is based on mortgages. All […]

How to dispose of Haraam (unlawful) Wealth after Repenting

November 15, 2013

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Q. I am an Accountant employed at an accounting firm. I prepare financial statements, tax returns and advise clients on financial & tax related issues. Our clients are mostly small restaurant owners. We also have some clients in the real estate & auto dealership business. The restaurant owners, among other things, sell pork products. All […]

Ruling on buying and selling shares

November 6, 2013

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Q. What is the ruling on buying and selling shares? Please note that some scholars regard shares from all companies as haraam. We hope that you can explain. A. Praise be to Allah. Shares may be divided, according to the field of activity and work involved, into three categories: 1.  Shares based on permissible work, such as […]