Transactions (Shafii)

October 4, 2024 3 mins

Can You Provide Guidance on How Zakat Applies To My Situation?

Answered by Shaykh Muhammad Carr Question  I sold my residential property and another inherited from my father, which used to generate rental income for me. The rental income was crucial for covering my monthly household expenses. Unfortunately, I am currently without employment or any alternative source of income after liquidating both assets. I am relying […]
October 4, 2024 6 mins

Is It Permissible to Take an Interest-Free Loan for Hajj?

Answered by Shaykh Irshaad Sedick Question Is it permissible to take an interest-free loan for Hajj or an advance on your salary from your employer? Answer In the Name of Allah, the Most Merciful and Compassionate. May Allah alleviate our difficulties and guide us to what pleases Him. Amin. It is not obligatory to perform Hajj […]
August 30, 2024 3 mins

Does Exchanging Drinks Result in a Riba Transaction?

Answered by Shaykh Irshaad Sedick Question I believe I engaged in a riba transaction as a cashier when I allowed a customer to trade in a drink for another with a different sugar content. This, I believe, was a transaction of unequal amounts of sugar. However, I no longer live in the city I worked in […]
July 28, 2024 3 mins

How Does the Shafi’i School Address “Gharar” (Uncertainty) in Contracts?

Answered by Shaykh Irshaad Sedick Question How does the Shafi‘i School approach the “Gharar” (uncertainty) issue in contracts, and what are the limits to acceptable uncertainty in a contract? Answer In the Name of Allah, the Most Merciful and Compassionate. May Allah alleviate our difficulties and guide us to what pleases Him. Amin. When there is […]
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