Does A Receipt In One’s Name Count As Possession Of The Item

Question: possession, what does that actually mean? Do I need to take the motorcycle home for a day or two and then hand it over to Zaid, or does it mean that I..

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..

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..

Selling Good Quality Rice In Exchange For Lower Quality Rice

Answer: possession of the rice and handing over the cash to the other person. Once this initial transaction has taken place, the other individual should then ..

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..

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 On Benefitting From Goods Bought On Credit

Question: possession of the house and rent it out, and from the rent received, he will pay the remaining price of the house to Bakr in the form of installments...

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 an Inherited Item Before Taking Possession of it

Question: possession of these machines and then sell them to my father's friend, or can I sell them even before taking possession? It should be noted that I..

Purchasing Gold Jewellery In Exchange For A Gold Bar

Answer: possession of each other’s things within the same sitting, before separating from one another. Otherwise, it will be considered impermissible, haram a..