Business Dealings

Terms Of Sale

QUESTION: I intend to sell my business, which is now established and profitable, for 20 million. Would it be permissible to sell the business on the following terms: From the 20 million, 6 million is payable upfront. I received an offer for 2 million upfront. I am...

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Lease Dispute

QUESTION: I signed a commercial lease agreement with my landlord for a period of three years. After approximately six months, I experienced severe financial losses due to printing machinery that I had recently purchased. The losses became overwhelming and financially...

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Deception In Tax

QUESTION: My landlord is not VAT-registered but issues me with a Tax Invoice and charges me VAT. Is this correct for him to do? ANSWER: This is a form of deception. It was not permissible for him to carry out such an action. Consider the following Hadith: عن أبي هريرة...

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Selling Telkom Shares

QUESTION: My parents had invested some of our money when we were younger into Vodacom and Telkom shares. I was told that when the dividends are received annually, I should remove 50% due to interest, and use the remaining 50%. I now intend on selling the shares to use...

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Riba In Darul Harb

QUESTION: What is the rulling regarding interest in Darul Harb? Some Muslims based in countries like France, Belgium and the UK claim that these countries are Darul Kufr and Darul Harb, thus legitimizing the Riba. What is the Hanafi Madhab ruling in this regard?...

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Rental Dispute In Property

QUESTION: There are seven co-owners who jointly own a building. From those seven, four individuals have a separate partnership who run a business in the building. At the time of renewal of the lease, the negotiations were left inconclusive, due to the four partners in...

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