Finance & Transactions

Q
Bequest for an heir
Assalamu alaykum, My husband passed away last month cause of cancer. During his life he told his lawyer that all debts due to him should be given to me. Now that he passed away, will I be entitled to receive all these debts?
February 27, 2018
Answered by Mufti Ismail Moosa
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Q
Charging for Goodwill
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,…
February 27, 2018
Answered by Mufti Ismail Moosa
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Q
Equality in gifts
Salams, I wanted to buy my elder daughter a hand bag as a gift. However, my friend who was with me insisted that if I buy for one child, I have to buy for all. I responded by saying that the other child is only 4 years, so she does not need a hand bag.…
February 27, 2018
Answered by Mufti Ismail Moosa
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Q
Filing away records of interest transactions
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…
February 27, 2018
Answered by Mufti Ismail Moosa
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Q
Inheritance of nephews and nieces
As-salaamu ‘Alaykum wa Rahmatullaahi wa Barakaatuhu A man is survived by only the following relatives: 1) 5 daughters and 2 sons of a late Akhyaafi sister and: 2) 2 daughters and 3 sons of a late Akhyaafi brother How will the estate be divided among them? Please answer according to the Hanafi madhab. jazaakAllah wassalaam
February 27, 2018
Answered by Mufti Ismail Moosa
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Q
Ownership of the house bought through the muncipality
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.…
February 27, 2018
Answered by Mufti Ismail Moosa
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Q
Paying off the debt of the deceased
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…
February 26, 2018
Answered by Mufti Ismail Moosa
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