Browsing All Posts filed under »Economics«

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 […]

The economy, in an Islamic prospective

April 24, 2011

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For the most part, modern civilization has decided to turn its back on Divine Guidance and have attempted to construct their own economic systems, political systems, international laws and so on. When doing so, though, they have to admit that they are attempting something that is beyond their means. The social sciences are very different […]