Transactions

February 25, 2024 5 mins

May I Buy a House on Installments from a Construction Company?

Answered by Shaykh Bassem Itani Question Is it permissible to buy a house on installments from a construction company? Answer It is permissible to buy a house on installments from a construction company, which is known as installment sales, and this is allowed. There are two scenarios in this regard: The First Scenario: The Building […]
February 20, 2024 3 mins

Is It Permissible for the Seller to Cancel a Sale after Agreeing to a Sale?

Answered by Mawlana Ilyas Patel Question I intended to sell a used cycle. I was ignorant of the market price for that cycle, so I just assumed its price and posted an advert. Later, when a buyer came, and we agreed to fix a price, we took the cycle to inspection, and there, the worker […]
February 20, 2024 2 mins

Am I Allowed to Receive Money from a Government Funded Program Even the Requirem...

Answered by Mawlana Ilyas Patel Question I attended a government-funded program in which, upon completion and meeting the required hours, we were to be given money. However, the program funded by the government failed to reach the required hours, but at the end of the program, participants received their money. I didn’t take the money […]
February 6, 2024 2 mins

Can I Assist a Franchisee in Securing a Loan From an Advisor?

Answered by Mawlana Ilyas Patel Question I hope you’re doing well. I have a finance question. Currently, we are operating a fast-food franchise system where I, as the franchisor, grant the rights to our brand name, and the franchisee must invest in the business. We have potential interested parties who do not have the capital […]
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