A person approached different individuals and asked them to give him money for business purposes. For example, he would say, “Give me R100 000. I will use it to purchase a particular product, sell it, and after a few days, I will return your capital together with a...
I have noted the Fatwa regarding the two-pot provident fund. I am part of an involuntary pension fund so I assume that the application will be the same, since I also have an accessible portion. Two issues come to mind after going through the response to the initial...
QUESTION: Is it permissible to invest in stocks and shares?Are all stocks and shares based on interest? I have seen many Muslims seek Shari'ah complaint alternatives but they don't seem different to the main sources. ANSWER: From the outset, it is imperitive to bear...
QUESTION: There is a website called Yaga where one can buy and sell items. However, at checkout, a buyer protection fee is charged. I would like to know whether trading on this website is permissible or not due to the buyer protection fee. Below is the link to the...
QUESTION: What is the Shari’ee ruling regarding drop shipping (eg. Shopify)? ANSWER: "Drop shipping" is a form of retail business in which the seller accepts customer orders without possessing stock on hand. Instead, the seller transfers the orders and their shipment...
QUESTION: A few years ago, with my grandfather's approval, my uncle took the responsibility of handling my grandfather's financial matters. At that time, although my grandfather was 100% mentally well, physically he was disabled and needed a carer. My mother (his...
QUESTION: After concluding a business transaction with a person, I transferred payment to an account he had previously used. He then supplied me with a second account and I transferred the funds there. At this point, I had paid him twice for the same service and...
QUESTION: A person has an investment in Old Mutual. Does he pay Zakaah on the full amount that is in the portfolio, or only what was invested in the last year? ANSWER: Firstly, our Darul Ifta is not in favour of investing in Old Mutual as a majority of the income of...