Categories
Answers: 197Transactions
- 2,724
Ruling on decisions made by a sick person when he is drifting in and out of consciousness
- 20,021
Ruling on using someone else’s belongings without asking him for permission, when you know that he would agree to that
- 2,378
Selling goods when they are still on the ship or plane; who is liable for them if they are damaged or destroyed?
- 3,632
Profit-sharing with a non-Muslim
- 4,679
He buys all the goods in the market to gain control of the prices
- 3,515
Is stocking up on mobile phone cards regarded as hoarding?
- 3,440
Ruling on disposing of the father’s wealth if he has become mentally ill or is suffering from dementia
- 5,377
Can a video clip be regarded as evidence to prove a claim?
Are Penalty Clauses in Contracts Permissible?
Penalty clauses in financial contracts are permissible, apart from contracts in which the original commitment is in the form of credit (debt). It is not permissible, for example, to stipulate that the one who buys goods by instalment must pay something additional to the price if he delays payment, because this additional cost is in addition to the debt he owes, and that is Riba.25,883- 14,858
Taking more than one’s salary from a company in a kaafir land
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