Does a Gift to a Child Become Their Full Ownership?

Question: possession of it on behalf of the daughter without informing me. I have recently been facing some (financial) difficulties. So, when I found out about..

A Permissible Way to Sell Things Just by Sharing Pictures

Answer: possession of it before selling it to another person. Selling a movable object to someone before acquiring possession of it renders the sale Fasid (in..

Ruling On Investing With A Condition Of Two Riyals Profit Per Piece

Answer: possession of them. He then sells these goods to Zaid on credit for a fixed profit, for instance, 250,000 Riyals, for a specific period, such as six m..

Ruling On A Deal Between A Bread Maker And A Hotel

Answer: possession of the restaurant owner, he is responsible for any profit or loss from it. Once a sale transaction is completed and the buyer has taken p..

Purchasing Business Goods On Credit Instead Of Borrowing Money

Answer: possession of the goods himself or an agent acting on his behalf must do so, and then he can sell them to you; he cannot sell them before taking posse..

Is Credit Sale of Gold Permissible Instead of a Loan?

Answer: possession of it, sell it to the borrower for a fixed period at 230,000, then such a transaction is permissible and valid. This is known as a Murabaha..

Ruling on the goods of dowry (Jahez)

Answer: possession thereof. (2) The husband or his family members, when giving the goods and jewellery to the woman, made it clear that they are only for temp..

Ruling Regarding Buying Back a Sold Car

Answer: possession yet, will be given to you without being against any thing and this is impermissible and sin because it is ربح مالم یضمن. It must be borne i..

Selling Gold Jewellery On Credit In Islam

Answer: possession before the parties separate. Failure to do so would lead to both parties being indebted to each other, and in this situation, it would nec..

Ruling Regarding Zakat On The Amount Of Money Saved For Hajj

Answer: possession remains equal to the required niṣāb after any debt and basic necessities of life are expended upon, it will be obligatory for him to give z..