Category: Financial Transactions
The Sharee stance on a scheme to purify haram wealth
Question: Some scholars mention the following scheme for making ones haram wealth halal. Take a loan from a Non-Muslim and pay it off using the…
Selling buildings before constructing them (Istisnaa')
Question: 1. There is a person who constructs buildings. He is called a builder. He purchases property, constructs houses and shops on it and then…
To rent out a taxi permit
Question: A person received a taxi permit that the government gives out to the taxi drivers with which they can legally start a taxi service….
Maintenance of the taxi is on the lessor
Question: Zaid has leased Umar his taxi at $80 per day with the condition that Umar will be responsible to fill the petrol and pay…
To lease out a taxi and charge on a 'per kilometer' basis
Question: Zaid will let Umar drive his taxi on the condition that he pays him $165/100 km. This is regardless of if Umar makes more…
To pay chicks when giving eggs for incubating
Question: Bakr gave Zaid ten eggs to incubate under his hen on the condition that the chicks would be shared equally. Is this permissible? Answer:…