My question is about the internet in making money

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Ref no: 0142# Date: Thursday, May 19, 2011 Category Money Matters Title My question is about the internet in making money Question My question is about the internet in making money, i have joined a site that says it pays to click on advertisements, just say if i click on 1 it pays me 15 cents. there are also other websites that are doing the same. we can invest in it to buy referals for example ( $15 = 25 … [Read more...]

As per my understanding an Islamic Bank buys a Product

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Ref no: 0118# Date: Sunday, May 15, 2011 Category Money Matters Title As per my understanding an Islamic Bank buys a Product Question As per my understanding an Islamic Bank buys a product, retains its ownership, sells it to the prospective buyer at a higher price and once this price is reached by way of mutually agreed installment and period, it transfers the ownership.   I would like to know whether … [Read more...]

Please comment on the sharia compliance of trade finance through Albarakah Bank

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Ref no: 0062# Date: Monday, 11th April, 2011 Category Money Matters Title Please comment on the sharia compliance of trade finance through Albarakah Bank Question Plz comment on the sharia compliance of trade finance through Albarakah Bank. I negotiate goods frm a supplier, who issues a proforma invoice in my and alabarakah’s name, the bank frwds paymnt to the supplier of goods and resells the goods to me at a … [Read more...]

I don’t believe in the Islamic Bank in our country

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Ref no: 0021#   Date: Tuesday, 15th March, 2011 Category Money Matters Title I don’t believe in the Islamic Bank in our country Question   Assalamu'alaikum wr.wb. respected mufti shahib... I dont believe in the Islamic Bank in our country nowadays, therefore I keep my money in conventional Bank and give away the interest as charity to needy people without hoping for reward. Even if I put my money in the … [Read more...]

I would like to know if the following investments are shariah compliant or not

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Ref no: 0022# Date: Tuesday, 15th March, 2011 Category Money Matters Title I would like to know if the following investments are shariah compliant or not Question Assalaamu Alaikum,   Dear Mufti Saheb,   I would like to know if the following investments are shariah compliant or not:   - Oasis Crescent Equity Fund - Unit Trust - Stanlib Shariah Equity Fund - Unit Trust - Old Mutual Albaraka Equity Fund - … [Read more...]

I need your assistance to clarify my position due to a situation that has arisen.

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Date: Tuesday,febuary 8th 2011 Category Money Matters Title   I need your assistance to clarify my position due to a situation that has arisen. Question I need your assistance to clarify my position due to a situation that has arisen. In early December last year my neighbour requested my assistance to procure two vehicles for his company. I approached Ashraf a friend of mine who is a car dealer to supply the cars. He supplied the cars and … [Read more...]