
Categories
Investment
Dealing with Financial Losses in Islam
How to deal with financial losses in Islam: 1- The one who is managing the investment must be honest and truthful in telling the people what really happened. 2- If there has been any carelessness of negligence on his part, then he must replace what was lost through his negligence, and he himself must bear the loss that resulted from his carelessness. 3- The owner of the capital must accept the will and decree of Allah and strive to reduce the loss and deal with its effects, and save whatever he can of his capital by all permissible means.34,346- 6,837
Is it permissible to deduct something from his partner’s portion of the profits in return for extra work that this partner’s partners do not recognize?
- 9,995
Ruling on opening a savings account in Dar as-Safa’, Morocco, which belongs to a riba-based bank
Selling by Instalments to the One Who Issued Instructions to Buy
Murabahah transaction for one who issued instructions to buy is permissible on condition that the one who is instructed to make the purchase buys the item for himself and takes possession of it in a real sense before he sells it to the one who gave those instructions.8,183- 23,054
Ruling on shares in a car insurance company
- 7,850
Buying shares then selling them to get money for his brother (tawarruq)
- 30,761
Ruling on investing money in return for a share of the profit
- 6,687
He has a partnership in a commercial venture on the basis that every time they buy a dozen with his money, he will have ten riyals
- 9,093
Ruling on savings certificates with variable return from the Faisal Islamic Bank
- 20,878
He wants to open a restaurant in which men will mix with women