Q: Is it permissible to give a trade discount and make intention for sadqa (charity)? A: When one gives a trade discount it is not like giving cash or its equivalent to the customer; hence this cannot be intended as Sadaqah. After giving a discount the end result is, according to the rules of Fiqh, …
Q: Does Islam allow to sell grocery products to bankers? A. Yes, it is permissible to sell goods to bankers as it is permissible to sell goods to other Kuffaar. Rasulullah (Sallallaahu Alayhi wa Sallam) and the Sahaabah did trade with Jews and idol-worshippers, and we know that these people indulged in usury and Ribaa. …
Q: Does Islam allow to sell grocery products to bankers? A. Yes, it is permissible to sell goods to bankers as it is permissible to sell goods to other Kuffaar. Rasulullah (Sallallaahu Alayhi wa Sallam) and the Sahaabah did trade with Jews and idol-worshippers, and we know that these people indulged in usury and Ribaa. …
Q: Is it true that Muslims regardless if they are making Jumah Salaah or not (e.g. a menstruating lady) must close their business & not receive any income for the duration at all? A. Those people upon whom Jumu'ah Salaah is Fardh, such as adult males, must stop trading when the first Adhaan goes for …
Q: Is it true that Muslims regardless if they are making Jumah Salaah or not (e.g. a menstruating lady) must close their business & not receive any income for the duration at all? A. Those people upon whom Jumu'ah Salaah is Fardh, such as adult males, must stop trading when the first Adhaan goes for …
Q: Can one buy and sell foreign currencies? A: Trading in foreign exchange by buying and selling currencies is totally permissible provided at least one of the two currencies is present and take into possession at the time of the transaction. If a deal of this nature is done while none of the two commodities …
Q: Can one buy and sell foreign currencies? A: Trading in foreign exchange by buying and selling currencies is totally permissible provided at least one of the two currencies is present and take into possession at the time of the transaction. If a deal of this nature is done while none of the two commodities …
Q: 1) Is it permissable for me to buy foreign currency at lower than the market rate in this way, that the seller gives me the pounds, we agree on a rate then I give him the money later?2) How is the market rate calculated? Will the spot rate be considered (what we hear on …
Q: 1) Is it permissable for me to buy foreign currency at lower than the market rate in this way, that the seller gives me the pounds, we agree on a rate then I give him the money later?2) How is the market rate calculated? Will the spot rate be considered (what we hear on …
Q: I am considering opening up a business that manufactures coffins. Is it permissible as a Muslim to run this business? Am I right in assuming the same response could be used for running a taxi business that would commute people to church? A: It will be permissible to manufacture and sell coffins, because the …
