Islam: Questions And Answers - Jurisprudence and Islamic Rulings: Transactions

407 Pages·2007·2.72 MB·English

by  Muhammad Saed Abdul-Rahman

ISLAM: QUESTIONS AND ANSWERS
Jurisprudence and
Islamic Rulings:
Transactions - Part 6
Volume 27 of a Series of Islamic Books
by
Muhammad Saed Abdul-Rahman
i
Islam: Questions And Answers
Volume 27
Jurisprudence and Islamic Rulings:
Transactions - Part 6
i
ii
Islam: Questions And Answers
Volume 27
Jurisprudence and Islamic Rulings:
Transactions - Part 6
Muhammad Saed Abdul-Rahman
B.Sc., DipHE
iii
© Muhammad Saed Abdul-Rahman, 2004
ISBN for all volumes 1 86179 080 5
ISBN for volume 27 paperback 1 86179 454 1
ISBN for volume 27 hardback 1 86179 455 X
ISBN for volume 27 pdf eBook 1 86179 456 8
ISBN for volume 27 Microsoft eBook 1 86179 457 6
ISBN for volume 27 Palm eBook 1 86179 458 4
All Rights reserved
British Library Cataloguing in Publication Data. A Catalogue
record for this book is available from the British Library
Designed, Typeset and produced by:
MSA Publication Limited, 4 Bello Close,
Herne Hill, London SE24 9BW
United Kingdom
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Contents
Introduction ..............................................................................1
Chapter 1...................................................................................3
Transactions........................................................... 3
Business and Finance: General .......................................3
20732: Boycotting the products of kuffaar
who are hostile towards Islam....................................3
39761: It is not permissible to buy a product
then sell it when it is still in the warehouse of
the first vendor, before it has been moved .................7
46667: Can he rent the traditional set of
jewellery and then return it to the jeweller in
order to get married? ..................................................8
36410: He bought a car by installments from
the bank, then he sold it so that he could use
the money to get married..........................................10
36408: What conditions should be met in order
for the bank’s purchase scheme (muraabahah)
to be considered permissible....................................12
36397: Giving up his place on the property invest-
ment waiting list in return for a sum of money........16
20091: Leasing a car ................................................17
33625: “No returns or exchanges on goods sold”....19
39507: Selling animals by weight............................20
37701: Selling food for charity at iftaar...................21
26817: He stipulates an additional cost for
purchase by installments, separate from the price....22
13722: Stating one price for a product if paid
for in cash and another price if paid for in
installments ..............................................................24
13721: Selling by installments may be
mustahabb ................................................................27
14071: It is better not to buy in installments if
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you are able to pay in cash .......................................30
13973: It is permissible to raise the price of a
product in return for paying in installments.............32
9386: If an agent sells a product for more than
the price stipulated, who does the extra money
belong to?.................................................................37
9668: Being tolerant of sinner’s sins........................39
6699: What is the ruling on buying from the
kuffaar when there are Muslims around?.................43
13960: What is the fee when a sale is made?...........44
10676: Ruling on one who sells a product to
a person who is buying it with an interest-based
loan...........................................................................45
21218: Is it permissible to buy a company on
condition that one pay off its debts?.........................45
26217: Selling government airline tickets if one
travels by land ..........................................................46
22443: Dealing in birds............................................46
22396: Ruling on telling people a price other
than the price he really paid .....................................47
12946: Father selling some of his property to
one of his sons..........................................................49
22085: When buying a certain number they
give a free service.....................................................50
12638: Ruling on selling an item on credit for a
higher price than if it is paid for immediately..........50
6194: Is it permissible to sell to drunken
customers?................................................................52
9499: Giving up one’s telephone line in return
for having the bill paid .............................................53
10031: Selling at more than 10% profit ...................54
8507: Buying with funds from a savings scheme
when he is one of the members of the scheme.........55
5375: Selling products to children for more
than the wholesale price...........................................56
10203: What is the ruling on selling women’s
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products? ..................................................................57
3223: Selling discount coupons for gas ...................57
3138: Father selling some of his possessions
to one of his sons......................................................58
3003: Ruling on selling razors .................................58
3066: What should be done with samples left
over from quality-control testing?............................59
7294: Does Islam permit bidding in auctions?.........60
8938: Discount on cost of laundry if one pays
in advance.................................................................64
6572: Buying products from kaafir countries...........65
7842: Ruling on sales or offering discounts.............66
7224: Muslim renting his house to a
non-Muslim..............................................................68
1847: Paying in installments ....................................69
7836: Transferring patients to a private hospital
for examinations in return for a part of the fee ........71
3490: Reward for planting: who gets it and
when does it end?.....................................................72
7835: Raising the price of a piece of land in
return for transferring a government loan to
the purchaser ............................................................73
7836: Transferring patients to a private hospital
for examinations in return for a part of the fee ........74
7834: Ruling on commercial advertising .................75
2852: Working in the laundry business ....................78
2149: Making down-payments.................................79
2143: Ruling on dealing in bonds ............................80
2150: Ruling on auctions .........................................81
Chapter 2.................................................................................85
Transactions......................................................... 85
Business and Finance: Copyrights ................................85
26307: Copyright and the ruling on
photocopying some parts of academic
reference works ........................................................85
38847: Downloading lectures from the internet
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and distributing them for da’wah purposes..............87
21899: Intellectual property rights ...........................88
454: Copying computer programs............................89
Chapter 3.................................................................................91
Transactions......................................................... 91
Business and Finance: Taxes.........................................91
42563: Fatwa of the Standing Committee on
customs.....................................................................91
45713: He is exempted from paying duties; can
he allow others to buy goods in his name?...............94
40234: He told the students to pay money towards
classroom renovations and he gives them grades
accordingly...............................................................96
5218: A serious dialogue with a Christian................97
Chapter 4.................................................................................99
Transactions......................................................... 99
Business and Finance: Business Contracts ...................99
40752: Ruling on selling exorbitantly expensive
telephone numbers and “custom” licence plates......99
40000: Selling by installments to the one who
asked us to buy something .....................................103
36410: He bought a car by installments from
the bank, then he sold it so that he could use
the money to get married........................................106
36408: What conditions should be met in order
for the bank’s purchase scheme (muraabahah)
to be considered permissible..................................108
1848: Ruling on transactions made via modern
means of communication .......................................112
6892: Paying for medical examinations in
advance...................................................................114
10274: Buying shares in a bank that does not
deal in ribaa............................................................116
2146: ‘Aqd al-Istisnaa’ (contract to have
something made or done).......................................116
1839: Paying “key-money” (money for
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vacating a property)................................................117
Chapter 5...............................................................................120
Transactions....................................................... 120
Business and Finance: Credit Cards............................120
13725: Using credit cards is haraam even if
you pay up within the time limit ............................120
13735: Credit cards ................................................121
6847: Using a credit card to get married................123
3402: Having an interest-based credit card in
cases of necessity ...................................................126
11179: Using credit cards to withdraw money.......128
10826: Buying with debit cards..............................129
Question: ................................................................129
Answer: ..................................................................129
5540: Paying tuition fees with a riba-based
credit card...............................................................129
665: Forced by her husband to help him get
a “Visa” (credit) card..............................................131
Chapter 6...............................................................................133
Transactions....................................................... 133
Business and Finance: Investment ..............................133
39903: Is income from an internet café halaal
or haraam?..............................................................133
39505: Interest based loans ....................................134
22933: Ruling on shares in a car insurance
company .................................................................135
34512: Shares in telecommunications and
service companies ..................................................137
30842: Saving system in Aramco and attitude
towards the various fatwas concerning it...............137
4714: Dealing in shares..........................................143
21127: Ruling on buying shares in a foreign
company .................................................................146
21087: Participating in a savings scheme with
a petroleum company .............................................149
1210: Buying shares in computer companies.........150
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