Business Fatwas

on Tuesday, 28 Sep 2021 by (Mufti) Ismail Desai

I want to ask a question relating to Gold. 
Can a financial institution purchase gold on behalf of client and sells the same to client on mark up on deferred basis. Basically thr way murabaha for asset financing works in case of vehicle an…

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on Monday, 27 Sep 2021 by Mufti Ismail Desai

I have my salary account in one of the banks in China with all my savings in it. And the zakah is wajib and is paid every year Alhamdulillah.
From last year the account is blocked due to my passport expiry in their system which means i nee…

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on Monday, 27 Sep 2021 by (Mufti) Ismail Desai

Is it permissible to open a 'barber shop' or have shares in it? Keeping in mind the issue of shaving and the qaza' haircut

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on Monday, 27 Sep 2021 by Mufti Ismail Desai

I want to start my own courier business and I need your advice.

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on Friday, 24 Sep 2021 by (Mufti) Ismail Desai

I am emailing in regards to the shariah compliant drop shipping method you spoke about on Twitter. Look forward to hearing from you. JZK. 

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on Wednesday, 25 Aug 2021 by Mawlana Ismail Desai

1. I have 2 plots that I have inherited from my father. I have intended to sale one and (then from the sale money) build on the other one. Please tell me whether I have to pay zakat on the plot that I intend to sale in future, although my …

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on Tuesday, 09 Jun 2020 by Mufti Ismail Desai

Please help me to know about Islamic Banking, theory, systems, etc. Also kindly provide address of organization or bank in Middle East which successfully adopted pure Islamic Banking theory

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on Sunday, 16 Jul 2017 by Mawlana Ismail Desai

I am paying installments on a property [shop] which is not under my name yet. Once I will complete all the installments then landlord will transfer the shop under my name. Do I have to pay zakaat for it? I have started my installments from…

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on Monday, 05 Jun 2017 by Mawlana Ismail Desai

I have give money to builder for investing purpose he will invest this money in his projects when he sell flats he will return an amount as per loss/profit is this permissible according to shariah ?

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on Monday, 05 Jun 2017 by Mawlana Ismail Desai

I would like to know if it is correct to give Zakaat and take a receipt. Then submit the receipt as a donations tax and receive a rebate?

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