money

Assalamu alaykum, A, B, C, D and E are joint partners in a running business concern. A and B own shares of 25% each; whilst C and D own 20% each. The remaining 10% is owned by E. D and E are now negotiating to purchase the shares of A and C. The stock, debtors,…

Slmz, Is a person allowed to collect pension from the government?

Assalamu ‘alaykum warahmatullahi wabarakatuhu,   “I work in the “contracts” department of a company. Its core business is management and seeking human resources within the company. Thus, there are contracts – regulating such services – between the company I work for and other companies of the group. One of the many clauses states that if…

Assalamu alaykum wa rahmatullahi w abarakatuhu, We are running an Islamic organization here in the Klerksdorp area. Since we provide free education for the poor, the vast majority of our students do not pay the prescribed school fees. This has called a huge short fall of funds and we are now in a debt. However,…

As-salamu alaikum oa rahmatulla Is there any mandate to calculate the nisab of cash or business stock (other than gold and silver) only on the value of Silver i.e. which is cheaper of gold and silver ?

Salam Mufti, Can you assist with the following: A father intended to buy a house through the municipality and applied for it at the municipality and his application was accepted. Since he did not have enough money, his eldest son paid the installments of the house and consequently had the house registered in his name.…

Assalamu ‘alaykum wa rahmatullahi wa barakatuhu Mufti Sahab, Recently a brother passed away (rahimahullah), and we’ve been informed that he left behind a debt of 180’000 euros to privates and 200’000 to business/bank (I don’t know precisely). Now, the widowed “wife” is pressurized by the creditors to repay such debt, and I’ve been asked to…

Asslaamu alaykum, Can we pay our traffic fines with interest money?

Asalaamu Alaikum wa rahmatullahi wa barakatuhu I am 18, i sometimes work at my fathers shop when they are short staffed. He pays me for the days I work and this money is for my own use, whether I,d like to spend it or save it. Do I have to pay zakaat on this money?…

Assalamu alaykum, A) If a person had a Compulsory Pension Fund, and he made a bequest that if he passes away before the money can be released, the funds should be given to his ailing mom. Now that he passed away before that, and the Pension Fund made the payout, will the mother be entitled…