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View By Subject 85 fatwas
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An ambiguous partnership contract
A Limousine company is offering a proposal whereby we have to pay 50% of the cost of New vehicle and the other 50% is being financed by them through Vehicle Hypothecation. They are entering into a 5 year contract with me by agreeing to pay a monthly rental amount of xyz, and the EMI and other expenses are being paid by them. Can I enter into the deal,.. More
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Unclear agreement of Mudhaarabah
salaam.my cousin took funds for partnership for a vehicle inspection garage for opening another branch of his existing garage and agreed if it didnt work we will be 50-50 partners in his existing one.it has been 9 months since he took money.second one is not working out but he is not giving me anything from the existing as per our agreement from the.. More
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Being a partner in a café that serves food and Sheeshah
i ll be a partner in cafe sell food and shisha and i ll be the chef for cooking food and we ll share only money of food not for shisha so that halal or makrouh or haram.. More
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This type of Mudhaarabah is invalid
Assalamaualaikum wa rahmatullahi wa barakatuh,
Dear Shaykh, I am in a dilemma of investing my money into a company which is a non muslim organization and who deals with stock and shares.
Let me explain you in brief as what the investment scheme is all about.
The company seeks an investment minimum of 50000 and the maximum.. More
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Entering into a Mudhaarabah without fixing the portion of profit
Assdalamo Alaikum,
Please inform that the following manner of MUDARABAH is HARAM or PERMITTED.
Mr. “A” is doing business. Mr. “B” invest money with “A”. The “A” says, that after conclusion of the business segment, in which I am going to invest your money, I will calculate the profit and I will give you a suitable portion of.. More
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Has money but can not do business
if someone is not cabable to do business or the conditions do not permit him to do so and he has some reserve money, what should he do instead of keeping it in the bank for profit?
.. More
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Embraced Islam but had unlawful partnership with her non-Muslim husband
As salamu alaikum respected Scholar,
there is a woman who took Shahaada now alhamdulillah. She is married for 23 years and she and her husband (he is a non Muslim) are leading a company togehter. This company exists since 30 years and it´s a family company. They employ 15 workers and they also support a poor family from Africa.
Now the problem.. More
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The manager of a business should brief his co-partners about his work
Assalamu Alaikum! I have started a business with another 4 muslim brothers, and one of this partner is running the business, and we have given complete power to him. Now, whenever I ask about the monthly activities of the business, he is not providing also the major activities of the business like recruitment and terminate and all. My question is as.. More
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This contract is void and unlawful
Let me give you an example. Suppose I have a house that I paid for in cash. I am 100% owner and the house is worth $500000.00. I need some money to pay my son's tuition in college for example. I will approach a company and they will give me $100000.00 and they will sign an agreement with me to be a partner in my house. The partnership terms are as follows... More
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The authority of a co-partner upon the money of a company
I have a question regarding a family business. My father started a business about 15 years ago. I was one of the major contributors after my father in the business. My mother was the third. I am the oldest son and was living in the United States at the time. I put all my savings in the company. During the first few year of the company, my father was.. More
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His brother sold a flat he shared with him
Assalamualaikum, First of all, May Allah reward you for your work in this world and hereafter, ameen. My brother and me were owning a Double bedroom flat in India and due to some unavoidable reasons my brother sold that flat in the year 2001 and the Real Estate prices have gone up now by around 100 - 120%. Now my question is what should i take from.. More
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Ruling on “National Bonds” scheme
As-salaamualaikum. May ALLAH bless you'll for your good work. My question is related to the Fatwa Number 92429. I would be obliged if you could provide a clear understading of this matter. Myself and lot of my friends have invested in this scheme called National Bonds (thinking that it is shari'a compliant). We would like to invest in this only if it.. More
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His friend wants to withdraw his name from a shared mortgage
Assalamo Alaykom, I bought a house with a friend through the bank back in 2005. We lived in the house together and split the mortgage though I had to pay $1450 while my friend paid $1050 because I had a family so we had 2 rooms and he took 1. My friend came to me and said that he wanted to get married and that we needed to do something about the shared.. More
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Entering in partnership with a person who has forbidden activities
sorry for previous mail this is the real question: AS-SALAAM ALAIKUM WA-RAHMATH ULLAH ONE OF MY RELATIVE IS OWNER OF OPTICALS, RECENTLY HE HAS GIVEN [1.5 CRORE] TO SALMAN KHAN FILM ACTOR, AND APPOINTED HIM AS BRAND AMBESSADOR FOR HIS OPTICAL SHOWROOMS. BESIDE THAT HE HAS DONE 'FAISHON SHOW' IN FIVE STAR HOTEL, AND SPENT LAKHS OF RUPEES, TO GAIN PUBLIC.. More
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Questionable kinds of Mudhaarabah
Salam alk, I am here to enquire about some investing stuff with regards to the interest / profit , A friend of mine is investing in a firm who offers investing schemes like invest the sum of 10,000/- and get returned 4 times double of it after the period of one year from the date of investment, and also many other investment schemes which offers min.. More
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