Categoreis

2145.If a seller informs the buyer about his cost price of a commodity, he should tell him about all factors which would affect the rise or fall in the price of the commodity, even if he may sell it at the same price (i.e. at the cost price) or at a ...

2145.If a seller informs the buyer about his cost ...

2132. The right to cancel a transaction is called Khiyar. The seller and the buyer can cancel a transaction in the following eleven cases: If the parties to the transaction have not parted from each other, though they may have left the place of agre...

2132. The right to cancel a transaction is called ...

2127.If gold is sold against gold, and silver is sold against silver, whether it is in the form of coins or otherwise, if the weight of one of them is more than that of the other, the transaction is haraam and void. 2128. If gold is sold against sil...

2127.If gold is sold against gold, and silver is s...

2112.If a commodity is sold for cash, the buyer and seller can, after concluding the transaction, demand the commodity and money from each other and take possession of it. The possession of immovable things, like, house, land, etc. and the moveable t...

2112.If a commodity is sold for cash, the buyer an...

2121. If a person purchases a commodity by way of advance payment, he is not entitled, till the expiry of the stipulated period of delivery, to sell it to anyone except the seller, but there is no harm in selling it to any person after the expiry of ...

2121. If a person purchases a commodity by way of ...

2118. Purchase by advance payment means that a buyer pays the price of a commodity, and takes its possession later. Hence, the transaction will be in order, if, for example, the buyer says: "I am paying this amount so that I may take possession of su...

2118. Purchase by advance payment means that a buy...

2107. It is in order to sell the fruits before plucking them, when the flowers have fallen, and when the seeds have been formed, provided that, it is also known that it is saved from harm or decay, and its quantity can be fairly estimated. In fact, w...

2107. It is in order to sell the fruits before plu...

2105.It is not necessary that the formula of purchase and sale be pronounced in Arabic. For example, if the seller says in any language: "I have sold this property in exchange of this money", and the buyer says: "I accept it", the transaction is in o...

2105.It is not necessary that the formula of purch...

2098.The commodity which is sold, and the thing which is received in exchange, should fulfil five conditions: Its quantity should be known by means of weight or measure or counting etc. It should be transferable, otherwise the deal will be void, exc...

2098.The commodity which is sold, and the thing wh...

2089.There are six conditions for the sellers and buyers: They should be baligh. They should be sane. They should not be impudent, that is, they should not be squandering their wealth. They should have a serious and genuine intention to sell and pur...

2089.There are six conditions for the sellers and ...

2063.There are many Haraam deals and businesses, some are mentioned below: To sale and purchase intoxicating beverages, non-hunting dogs, pigs, an unslaughtered carcass (as a precaution). Besides, if a permissible use of Najisul Ayn is possible, lik...

2063.There are many Haraam deals and businesses, s...

2062.The following are Makrooh transactions: To sell the land, except when one wishes to purchase another land with its proceeds. To be a butcher. To make shroud selling one's vocation. To enter into transaction with people of low character. To tran...

2062.The following are Makrooh transactions: To s...

The following are Mustahab in connection with sale and purchase: One should not discriminate between various buyers while charging for the commodities, except in the case of poor people. One should not be adamant about the prices, unless one feels t...

The following are Mustahab in connection with sale...

(66) It is permissible to use the roads and pavements constructed on previous sites of private property bought by the government, who demolished them, to build such roads. Of course, whomsoever knew of a private property that was forcibly owned by th...

(66) It is permissible to use the roads and paveme...

(56) It is not permissible to inseminate a woman with the sperm of a man, other than her husband, irrespective of whether or not she was married. It makes no difference whether husband and wife consented to the act or not. Likewise, if insemination i...

(56) It is not permissible to inseminate a woman w...

(49) It is not permissible to remove any organ from a dead body of a Muslim, such as an eye or the like to transplant it in another’s live body. If such an act was carried out the person who did it must bear the responsibility of paying compensation....

(49) It is not permissible to remove any organ fro...

(46) It is not permissible to dissect the dead body of a Muslim, i.e. to carry out a post-mortem. If such an act is carried out, it is obligatory on the person conducting the operation to pay compensation according to the rules detailed in (the Book ...

(46) It is not permissible to dissect the dead bod...

Among common transactions between businessmen and traders what is called (Key Premium). It is where a lessee forgoes his right in the shop, place of trading or business for another in return for a mutually agreed amount of money [premium]. Also a tra...

Among common transactions between businessmen and ...

Insurance is a contract in which the Insured undertakes to pay the Insurer a specified sum of money [premium]. Such premium could be spread out an monthly basis or paid for the whole year. In return the Insurer undertakes to pay the Insured or the be...

Insurance is a contract in which the Insured under...

There are two kinds of bank business: The first is haraam. This may cover the type that relates to transactions leading to usury, such as acting as an agent in handling, registering, acting as witness, receiving excess money [interest] on behalf of t...

There are two kinds of bank business: The first is...

Sale differs from loan in that a person becomes the owner of a property against the payment of a particular price. In the case of loan, the property is given into the ownership of a person on his responsibility, i.e. the debtor becomes responsible fo...

Sale differs from loan in that a person becomes th...