I am working with a company in Middle East which is under construction

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Ref no: 0196# Date: Thursday, June 02, 2011 Category Business Matters Title I am working with a company in Middle East which is under construction Question I am working with a company in Middle East which is under construction. Currently all the payments including our salaries are made through Banking loans (interest based). I am working in Finance Department and not 100% involved in managing the loan … [Read more...]

have one question regarding Trade and Industry in Islam

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Ref no: 0172# Date: Wednesday, May 25, 2011 Category Business Matters Title I have one question regarding Trade and Industry in Islam Question I have one question regarding Trade and Industry in Islam and would like it answered with the view of large corporations or conglomerates. Thereafter please feel free to offer any advice to small/medium businesses and even if you would like to refer me to any good … [Read more...]

I BUY RAW MATERIAL REQUIRED FOR PRODUCTION ON CREDIT TERMS FOR SAY 90 DAYS

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Ref no: 0165# Date: Monday, May 23, 2011 Category Business Matter Title I BUY RAW MATERIAL REQUIRED FOR PRODUCTION ON CREDIT TERMS FOR SAY 90 DAYS Question I BUY RAW MATERIAL REQUIRED FOR PRODUCTION ON CREDIT TERMS FOR SAY 90 DAYS IN A DIFFERENT CURRENCY FROM A DIFFERENT COUNTRY. BUT THE CURRENCY KEEPS FLUCTUATING OR ON MOST INSTANCES MY LOCAL CURRENCY KEEPS DEPRECIATING SO AS A RESULT WHEN THE TIME TO PAY … [Read more...]

I took a job as a contractor and got a certain amount of money per job

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Ref no: 0163# Date: Monday, May 23, 2011 Category Business Matters Title I took a job as a contractor and got a certain amount of money per job Question I took a job as a contractor and got a certain amount of money per job, however one stipulation was to work 8 hours on each job.  Many times I would finish the job a little bit early and just go home.  I'm sure my boss was aware of this, but he never said … [Read more...]

what should be the basis / principles of profit and loss

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Ref no: 0080# Date: Tuesday, 26 April 2011 Category Business Matters Title what should be the basis / principles of profit and loss Question My question is that what should be the basis / principles of profit and loss as per shareeaa in that business? Answer Muhtaram / Muhtaramah In the Name of Allāh, the Most Gracious, the Most Merciful. As-salāmu ‘alaykum wa-rahmatullāh wa-barakātuh.   If a person … [Read more...]

Is my husband still liable to this verbal promise??

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Ref no: 0035# Date: Monday, 21st March, 2011 Category Business Matters Title Is my husband still liable to this verbal promise?? Question Assalaamu 'Alaykum waRamatullahi Wabarakatuh I have a family issue that is being worrying for a long time and needs to be sorted out. My husband opened a business six years ago but does not have the administation, accounting and computer skills.  He employed his … [Read more...]