Transaction And Trade

Selling Goods Via Yaga

QUESTION: I sell items on an app called Yaga. Yaga offers buyers to pay in installments via Mobicred at 18.25% interest per annum + fees. I am not entitled to the interest incurred if the buyer is late with payment. If I sell on Yaga knowing that some buyers might pay...

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Selling Goods Sans Possession

QUESTION: If I get an order from my customer for something I do not have on hand, and I order the goods from my supplier, and the supplier (as a favour to me without charging any extra charges) ships and delivers the goods directly to my customer without me having...

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Drop Shipping

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...

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Selling Gold From Zama Zamas

QUESTION: Would it be permissible to sell gold obtained from Zama Zamas? Additionally, would it be permissible for me to eat at someone's house whom I know is involved in this trade? ANSWER: "Zama Zamas" are illegal artisanal miners in South Africa who occupy closed...

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Halaal Food Vendors

QUESTION: Is it permissible to for a person to host a Halaal food stall at a market (festival) where there is alcohol and music playing in the background? The vendor feels that it’s down to their intention to provide the Halaal food, and for the money earned. ANSWER:...

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Forex Trading

QUESTION: I am seeking guidance regarding the Shari' compliance of forex trading. I would like to present my situation clearly to receive proper advice. Key Considerations Forex Accounts: I understand that trading with personal live funds may involve certain forms of...

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Sale Of Stock Before Payment

QUESTION: I had the opportunity to purchase stock from a broker on credit and sell it to a customer on credit as well. The customer agreed to pay me after one or two weeks, giving them enough time to fulfill their payment. Once I received the payment, I made sure to...

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Extended Warranty

QUESTION: Are we allowed to take out an extended warranty on a vehicle when the current warranty is expiring? ANSWER: Purchasing an extended warranty for one’s appliances or vehicle is tantamount to purchasing insurance, which is Haraam. The elements of gambling and...

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