Category : Monetary Affairs

  • share business

    salam. I have a small amount of cash money and I want to give that money to my friend to do business with that money and to share profit with me but In case of loss I do not want to share loss with him because of my extreme poverty and my friend is agree upon this contract. Is this legal? ...

    13 Sep 2019 Ref-No#: 2215
  • DISTRIBUTION OF DECEASED AUNT’S REMAININGS

    MY AUNT EXPIRED WITHOUT CHILDREN AND I / MYSELF, BEING A FOSTER SON NEEDED TO DISTRIBUTE THE REMAININGS OF MY AUNT WHICH INCLUDE CASH, JEWELLERY, FURNITURE, CLOTHINGS & ETC., PLEASE GUIDE AS PER HANAFI MASLAK / MADHAB TO WHOM I SHOULD DISTRIBUTE ...

    12 Sep 2019 Ref-No#: 2240
  • Sharia compliant tax saving schemes in India

    Assalam walekum. I am from India and I work as a software engineer. Every month tax is deducted from my account. In order to save tax I have to invest in many tax saving government schemes. Q1) Can i invest some of my money in ELSS. ELSS is a scheme where every month you invest some...

    12 Sep 2019 Ref-No#: 2157
  • Shariah distribution of property

    Assalaam waalaikum, Curious to know answers for below questions : 1) My Grandfather deceased 29 years ago and he left some property what is the ratio of division to 1) married son 2) married daughter 3) grand son and grand daughter when son is deceased 2) My Grandmother...

    22 Aug 2019 Ref-No#: 2151
  • Islamic home finance

    I am looking into the option of Islamic Home Finance in Canada. Currently considering 1. Aya Financial http://ayafinancial.com 2. Zero Mortgage http://www.zeromortgage.ca/ 3. IjaraCDC <a hr...

    22 Aug 2019 Ref-No#: 2152
  • Lease option agreement

    Is lease option agreement is halal. WHAT IS A LEASE OPTION? A lease option is a legal agreement that allows you to control a property and generate income from it, with the right (but not the obligation) to buy it later. It’s actually two separate agreements bundled into...

    21 Aug 2019 Ref-No#: 2128
  • Inheritance rules on mother’s earnings

    Asalaamalaikum warahmatullah, I would like to ask a question regarding inheritance especially in the modern day and age where women are now also more often then not, earning money from their own occupations. I know in Islam traditionally a boy receives 2 shares and a girl 1, however...

    21 Aug 2019 Ref-No#: 2138
  • Buyback option for a plaza shop

    Party 1 is building a plaza and selling a shop to party 2 for $100,000. The plaza will be ready in 2.5 years. Party 2 will pay full payment of the shop now. Party 2 has the option to sell the shop back to Party 1 after 2 years and before 2.5 years at $115,000. 1. Is this deal permissible un...

    21 Aug 2019 Ref-No#: 2150
  • Arranging finance

    Can you please advise on the following, I run a business selling cars, the business was started with money saved up, not with a loan. We arrange finance at the request of the customer, we do not provide the loan for the vehicle the finance company does, we don’t take any commis...

    21 Aug 2019 Ref-No#: 2070
  • LOAN REPAYMENT

    Assalamu Alaikum Mufti sab I want an Islamic guidance or ruling on my matter: I had borrowed money from my brother in law to buy a house equivalent to US$65,000 We agreed that I cud make my repayments flexibly to me The amount borrowed by me was in Local Malawian cur...

    22 Jun 2019 Ref-No#: 1959