Ruling Regarding Not Specifying Ratio Of Profit Sharing In A Partnership

Question: partner in this business. I also added an equal amount and bought scrap for extracting silver. As far profit sharing is concerned, we mutually decide..

Ruling Regarding Larger Profit Share For Working Partner

Question: partnership, both will contribute equal amounts of money, but only one friend will do the work. The question is, can we allocate a larger share of the..

Ruling On Availing Free Services Without Specific Account Balance?

Answer: profit based on a loan is haram. The Hadith states: ”كل قرض جر منفعة فهو ربا۔“ Translation: Every loan that brings a benefit is riba (interest).(..

What Is Shariah Ruling For A Partner Who Wants To Sell A Co-Owned Plot While The Other Refuses To Do So

Purchasing Business Goods On Credit Instead Of Borrowing Money

Question: profit on his money too. In order to achieve this, my friend intends to buy the goods that I require, such as kitchen products, hobs, tongs, etc., fro..

Mudarabah In Animals

Question: partner. We will sell the animals and share the profit equally...

A Scenario In Which Profit On Bonds Issued By A Private Bank Becomes Ribah

Question: profit. The bank issues receipts (also called Debentures) and promises against the receipts an extra amount which is beyond the original amount deposi..

What Is The Ruling On Buying A Digital Prize Bond ?

Question: profits. Once a person acquires a Digital Prize Bond (DPB), they are prohibited from selling or transferring it to anyone else. There is no provision..

A Permissible Way to Sell Things Just by Sharing Pictures

Question: profit margin in it.” He furthers says, “once the deal is struck with a costumer, forward his address to me. I will deliver the product to the costume..

Ruling Regarding Buying Back a Sold Car

Answer: profit from something which did not enter into your Dhaman. For instance, you have sold a car for RS. one hundred thousand on credit, it becomes t..