Q: There are some misconceptions that it's not good to start a business in Muharram and Safar. Is it true in the light of Islam or do people just say it out of respect of this month? A. This is not respect for Muharram and Safar but pure superstition. Do not believe or follow this superstition.A …
Q: What can we do with the interest we get through our bank saving account? A. Interest money must be given to the poor without making the intention of Thawaab (reward) for it. It can also be used to pay rates and any form of state taxation. Mufti Siraj Desai
Q: What can we do with the interest we get through our bank saving account? A. Interest money must be given to the poor without making the intention of Thawaab (reward) for it. It can also be used to pay rates and any form of state taxation. Mufti Siraj Desai
Q: I am in partnership with another person in a business. Last year we made a loss of R20,000. This year we showed a profit of R20,000. My partner says that he wants his share of the R20,000. According to accounting policy the loss last year cancels the profit, thus none of us get a …
Q: I am in partnership with another person in a business. Last year we made a loss of R20,000. This year we showed a profit of R20,000. My partner says that he wants his share of the R20,000. According to accounting policy the loss last year cancels the profit, thus none of us get a …
A: I am student of tax law. I had spoken to ulema about this and they said that tax is one of the fields in law which is Halaal. In my course we have to deal with aspects such as companies taking loans and want to know whether the interest they pay is deductable or …
Studying Tax Law and Calculating Interest on Loans Read More »
A: I am student of tax law. I had spoken to ulema about this and they said that tax is one of the fields in law which is Halaal. In my course we have to deal with aspects such as companies taking loans and want to know whether the interest they pay is deductable or …
Studying Tax Law and Calculating Interest on Loans Read More »
Q: A person owes me money. After many months he decides to pay me what he owes me but, feeling guilty, he decides to pay me extra out of his own will because he feels he made me wait long for the money he owes me. Can I accept this or will this be considered …
Q: A person owes me money. After many months he decides to pay me what he owes me but, feeling guilty, he decides to pay me extra out of his own will because he feels he made me wait long for the money he owes me. Can I accept this or will this be considered …
Q: Is owning a pig haraam? A: Since eating a pig is haraam a Muslim is not alllowed to own a pig. The pig is not recognised as a lawful commodity in Islam. Mufti Siraj Desai
