The Rulings of Using Certain Alternative Financing Mechanisms Bay’ al-’Inah This is composed of two sale transactions. In the first transaction, a seller sells an item for a particular price to be paid in deferred installments. In the second transaction, after taking possession of the item, the buyer sells theContinue Reading…
In the name of Allah, Most Compassionate, Most Merciful, Firstly, one of the conditions for a valid sale is that the object of sale must be in the ownership of the seller. As such, a person can not sell an item which has not lawfully come into his ownership. (SahihContinue Reading…
One cannot borrow from or financially transact with someone whose wealth is completely, or predominantly, haram. If it is predominantly halal, then financial transaction, borrowing, accepting gifts, etc. would be permissible. If one is unsure, then the default assumption is that most of their wealth is lawful, unless one isContinue Reading…
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