Browsing All Posts filed under »Transaction«

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 […]

Different ways to support a fellow Muslim [Ibn al-Qayyim]

October 29, 2014

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Ibn al-Qayyim said: There are different ways of supporting a fellow believer: – with one’s wealth, – with one’s position of authority or power, – by means of physical service, – by offering sincere advice and guidance, – by making supplication (du’aa’) and asking for forgiveness for them, and – by feeling their pain. The […]

Riba is haraam for the one who takes it and the one who pays it, and it is haraam to help with it in any way whatsoever

April 29, 2014

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Q. In one of the questions on your website you stated that working in an auditing office that deals with customers who are involved in some riba-based transactions is not permissible, and you quoted the hadeeth of the Prophet (blessings and peace of Allah be upon him) in which he cursed four categories of people, […]

The Prophet (peace and blessings of Allaah be upon him) and the establishment of the Islamic society

December 17, 2013

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Q. How and with degree of success was muhammed(s.a.w)able to establish a stable community in medinah 632ce? A. Praise be to Allaah. Undoubtedly the society that was established by the Prophet (peace and blessings of Allaah be upon him) in Madeenah was an example of a stable and secure society. That was manifestly apparent from the […]

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 […]