Transaction And Trade

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?...

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...

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...

QUESTION: Small-scale businesses accept bank cards as a method of payment. However they have a minimum of R30 or R50 spend in order to swipe. I visited a store and bought two items to the value of R29. I asked the cashier if I could  swipe and he said yes. Thereafter,...

QUESTION: I advertised a used item on a group (I did mention that it was used, etc). A person messaged me to purchase the item. I informed them that if the item is not collected within 2 days, I would put the item back up for sale. The person then informed me that...

QUESTION: Zaid wanted to buy a phone from Bakr. Bakr gave Zaid the phone to test out. After keeping the phone for a day, Zaid said the phone was working perfectly and decided to buy it. After 3 days, a problem appeared on the screen (commonly caused due to falling)....

QUESTION: Zaid was selling a product for R150 on order. Bakr placed an order and paid a R50 deposit. When the product arrived, the value of the product had decreased but Bakr did not have the money for the product. Can Zaid sell the product at the new value of R130...