Transaction And Trade

Selling Items Before Acquisition

QUESTION: What is the ruling regarding the sale of goods online? I do not own any stock nor do I have it in my possession, but the supplier does have it on hand. I advertise the product with the price and a delivery timeline. The product is purchased online and paid...

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Unpriced Items In Retail Stores

QUESTION: Is the practice of not marking items for sale with prices on them, permissible in Shari'ah? ANSWER: Prices not being placed on items in a store can lead to disputes hence, it will not be permissible for store owners to operate in this manner. قال العلامة ابن...

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Trading With Forex

QUESTION: Is trading with Forex or Meta Trader using a broker permissible? ANSWER: Forex trading contains many aspects which go against the principles of Shariah inter alia gambling, interest, not taking possession of the currency. Hence, it will not be permissible to...

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Online Transactions

QUESTION: I use a particular website to advertise my preloved/unwanted clothing and other items, etc. Upon purchasing an item, the buyer is required to pay for the item and these funds are held in the website's account. Once the buyer receives the item, the funds are...

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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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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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Call-Out Fees

QUESTION: In my line of work, if a client wants to use my services which requires me to travel to their location, I charge the client a call-out fee. This fee is included in the final quote and is made known to the client at the outset. In the event of me using a...

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