Trade transactions
Allah, in His Noble Book, the Quran, and the Prophet through his honorable Sunnah (Prophetic Tradition), pointed out the rulings on transactions because of people's need for them; people in general need food, clothes, houses, vehicles and other necessities of life in addition to different luxuries which are obtained through... More
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Feb 22, 2025
Conditions of trade transactions
Recurrent are the conditions set by a seller or a buyer when concluding a trade transaction. Accordingly, it has become a necessity to study and tackle the different kinds of such conditions, pointing out the legal and the illegal ones among them. The scholars of Islamic Jurisprudence, defined a condition... More
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Feb 22, 2025
The ethical framework for a Muslim investor
Money, money, money. Doesn’t it make your head spin sometimes? Think of all the things you can do if you just had a little more… Unfortunately, this compelling greed and need sometimes drives us to make financially unsound decisions, and worse still, even un-Islamic ones. The following article outlines various... More
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Feb 22, 2025
Paying through installments
Definition: It is a postponed payment executed in a fixed number of instalments at determined times, with a price higher than the cash price. Is such a sale allowed? Scholars have two opinions: 1-The first opinion: Many scholars of the Hanafi, Maaliki, Hanbali, and Shafi’ee schools of jurisprudence rule that... More
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Feb 22, 2025