Business Fatwas

on Monday, 04 Oct 2021 by (Mufti) Ismail Desai

I am a barrister specialised in the field of taxation. The part time offer I have been given is to be the executive director of the management company. A management company normally set up, manage, and provides nominee services to global c…

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on Monday, 04 Oct 2021 by (Mufti) Ismail Desai

Assalamu Alaykum. Hope you are well Mufti Saheb. If one partner passes away from the business which includes 3 other partners. Does the entire partnership dissolve or only his share? According to what I remember its only his share.

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on Sunday, 03 Oct 2021 by (Mufti) Ismail Desai

Assalamualaikum wrwb, If someone owns a business in which they sell appliances. When they purchase these appliances to sell, the VAT is paid back to the business. If family come to purchase appliances from them, are they allowed to purchas…

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on Sunday, 03 Oct 2021 by (Mufti) Ismail Desai

Is it permissible to buy shares in a company such as City Lodge hotels. Although they do sell non halal food and drink this does not make up more than 30% of business revenue. Can one do so and if one can then, does one clean the investmen…

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on Sunday, 03 Oct 2021 by (Mufti) Ismail Desai

A car dealer purchased a vehicle from a individual, the individual was paid for the vehicle in full. A few days later the dealer picked up that the vehicle missed a service while under the ownership of the seller and now the motor manufact…

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on Thursday, 30 Sep 2021 by (Mufti) Ismail Desai

Salaams, in a sectional title body corporate, any levy in arrears gets charged a 2% interest rate every month. Is there a shariah compliant solution to arrear accounts, that can charge a halal penalty rather than interest?

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on Thursday, 30 Sep 2021 by (Mufti) Ismail Desai

Assalamu Alaykum Respected Mufti. I read your Fatwa regarding dropshipment. I have a question regarding this. Is it permissible for me (retailer) to purchase goods on dropshipment. For example, I buy milk from clover. I order the goods dir…

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on Thursday, 30 Sep 2021 by (Mufti) Ismail Desai

Slm. Hope you are well. This is not a hair color but it works to stimulate the hair follicle to produce melatonin to get the original hair color, is this allowed?

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on Thursday, 30 Sep 2021 by (Mufti) Ismail Desai

A single mum of 2 is living in rented accommodation which is partly owned by the Government. Shes working 10 hours a week to top up the rent but she is financially struggling. In such circumstances is she entitled to Zakat, Sadaqah or lill…

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on Wednesday, 29 Sep 2021 by (Mufti) Ismail Desai

سلام عليكم ورحمة الله وبركاته How are you doing, respected Mufti Saheb? May Allah grant your father the highest stages in Jannat. Ameen Of late, retail forex trading has caught my attention. I would like to know if it is permissible in Isl…

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Legacy of Mufti Ebrahim Desai in Islamic Commerce and Finance

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