Business Dealings

Dealing In Foreign Exchange

QUESTION: Is it permissable to purchase Dollars in exchange for Rands on credit? If it is permitted, on what rate is the person paying in Rands liable to pay? Also, some people sell Dollars privately at a higher rate than the bank, so would this fall under Riba?...

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Miscellaneous Questions On Trade

Q1. If a Shafi’ee and a Hanafi are negotiating a deal, and according to the Shafi’ee Madhab, the option of Khiyar-e-Majlis (the right to cancel while still in the meeting) exists, but according to the Hanafi school it does not. In such a case, how should the ruling be...

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Employing Male Domestic Workers

Q1. Is it permissible to employ male domestic workers in homes where females live? Can females wash the clothes of males? A1. It is not permissible to have male domestic workers in homes where only females reside. However, it will be permissible if there are some...

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Consultation Fees

QUESTION:  Person A advises person B regarding a good location for his business. The business is of a Haraam nature. Person B intends to pay person A for his advice with money from a Halaal business. Is this money Halaal for him? ANSWER: If it is known with certainty...

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Selling Timeshares for Sun City Resorts

QUESTION: Would it be permissible to sell a holiday at the resorts in Sun City? If it is impermissible, will the ruling be the same for other holiday resorts where different evils are found? ANSWER: While it will be permissible to sell a holiday timeshare resort in...

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Binary Trading

QUESTION: Is it permissible to trade on the following site? https://iamforextrader.com/en/broker/pocketoption/is-halal-or-haram/ ANSWER: The Darul Ifta does not approve of binary trading. The trade website cited in the query is not permissible. After studying the...

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Graphic Design

QUESTION: I want to start a graphic design business. Would it be permissible for me to design birthday posters or wedding invitations etc.? ANSWER: In principle, if there is no law of Shariah that is violated in studying graphic design, i.e. it is studied within the...

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